National Fuel Gas Co. (NFG) Given Consensus Recommendation of “Hold” by Brokerages
Shares of National Fuel Gas Co. (NYSE:NFG) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $62.67.
A number of research analysts have issued reports on the company. Sidoti assumed coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price for the company. Jefferies Group reissued a “hold” rating and issued a $58.00 target price on shares of National Fuel Gas in a research note on Wednesday, December 20th. Scotiabank set a $61.00 price target on National Fuel Gas and gave the company a “hold” rating in a report on Saturday, November 25th. TheStreet lowered National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th.
Several institutional investors have recently modified their holdings of NFG. Chicago Partners Investment Group LLC bought a new stake in National Fuel Gas during the third quarter worth about $366,000. GSA Capital Partners LLP bought a new stake in National Fuel Gas during the third quarter worth about $770,000. Tortoise Capital Advisors L.L.C. raised its holdings in National Fuel Gas by 6.4% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 828,793 shares of the oil and gas producer’s stock worth $46,918,000 after acquiring an additional 50,137 shares in the last quarter. Cetera Investment Advisers raised its holdings in National Fuel Gas by 230.5% during the third quarter. Cetera Investment Advisers now owns 15,220 shares of the oil and gas producer’s stock worth $862,000 after acquiring an additional 10,615 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in National Fuel Gas by 30.9% during the third quarter. Cetera Advisors LLC now owns 6,026 shares of the oil and gas producer’s stock worth $340,000 after acquiring an additional 1,421 shares in the last quarter. Institutional investors own 71.47% of the company’s stock.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The firm had revenue of $286.94 million during the quarter, compared to analysts’ expectations of $325.81 million. During the same period in the previous year, the firm earned $0.66 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. equities research analysts predict that National Fuel Gas will post 2.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a $0.415 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.96%. National Fuel Gas’s dividend payout ratio (DPR) is 50.30%.
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National Fuel Gas Company Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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