Analysts expect National Fuel Gas Co. (NYSE:NFG) to announce $0.80 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $0.85 and the lowest estimate coming in at $0.78. National Fuel Gas posted earnings of $1.04 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The company is scheduled to issue its next earnings report after the market closes on Thursday, February 1st.
According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.25. For the next fiscal year, analysts expect that the company will report earnings of $3.35 per share, with EPS estimates ranging from $2.85 to $4.31. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The business had revenue of $286.94 million for the quarter, compared to analyst estimates of $325.81 million. During the same quarter last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year.
Shares of National Fuel Gas (NYSE NFG) opened at $55.52 on Friday. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $61.25. The stock has a market cap of $4,738.69, a PE ratio of 16.82, a PEG ratio of 6.08 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.16.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.99%. National Fuel Gas’s payout ratio is presently 50.30%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in National Fuel Gas by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after acquiring an additional 34 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in National Fuel Gas by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 44,361 shares of the oil and gas producer’s stock worth $2,476,000 after acquiring an additional 407 shares during the last quarter. Alliancebernstein L.P. boosted its position in National Fuel Gas by 1.8% during the second quarter. Alliancebernstein L.P. now owns 50,732 shares of the oil and gas producer’s stock worth $2,833,000 after acquiring an additional 875 shares during the last quarter. Meeder Asset Management Inc. boosted its position in National Fuel Gas by 10.3% during the third quarter. Meeder Asset Management Inc. now owns 9,654 shares of the oil and gas producer’s stock worth $546,000 after acquiring an additional 903 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in National Fuel Gas by 1.4% during the second quarter. Mutual of America Capital Management LLC now owns 68,534 shares of the oil and gas producer’s stock worth $3,827,000 after acquiring an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
About National Fuel Gas
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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