National Fuel Gas Co. (NFG) Expected to Post Quarterly Sales of $446.88 Million

Equities analysts predict that National Fuel Gas Co. (NYSE:NFG) will post sales of $446.88 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for National Fuel Gas’ earnings. The highest sales estimate is $475.55 million and the lowest is $418.20 million. National Fuel Gas posted sales of $422.50 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that National Fuel Gas will report full year sales of $446.88 million for the current year, with estimates ranging from $1.62 billion to $1.85 billion. For the next year, analysts anticipate that the company will post sales of $1.84 billion per share, with estimates ranging from $1.78 billion to $1.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for National Fuel Gas.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $286.94 million during the quarter, compared to analysts’ expectations of $325.81 million. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS.

A number of equities analysts recently commented on the company. Zacks Investment Research cut National Fuel Gas from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Scotiabank restated a “hold” rating and set a $60.00 target price on shares of National Fuel Gas in a report on Friday, November 3rd. Sidoti assumed coverage on National Fuel Gas in a report on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Jefferies Group restated a “hold” rating and set a $54.00 target price on shares of National Fuel Gas in a report on Thursday, October 12th. Finally, TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.67.

National Fuel Gas (NFG) opened at $55.52 on Monday. The firm has a market capitalization of $4,751.52, a price-to-earnings ratio of 16.82, a PEG ratio of 5.90 and a beta of 0.94. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22. National Fuel Gas has a twelve month low of $53.03 and a twelve month high of $61.25.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, December 28th. National Fuel Gas’s dividend payout ratio (DPR) is 50.30%.

A number of hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its position in National Fuel Gas by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after purchasing an additional 34 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in National Fuel Gas by 0.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 44,361 shares of the oil and gas producer’s stock valued at $2,476,000 after purchasing an additional 407 shares in the last quarter. Alliancebernstein L.P. raised its position in National Fuel Gas by 1.8% in the 2nd quarter. Alliancebernstein L.P. now owns 50,732 shares of the oil and gas producer’s stock valued at $2,833,000 after purchasing an additional 875 shares in the last quarter. Meeder Asset Management Inc. raised its position in National Fuel Gas by 10.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 9,654 shares of the oil and gas producer’s stock valued at $546,000 after purchasing an additional 903 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in National Fuel Gas by 1.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 68,534 shares of the oil and gas producer’s stock valued at $3,827,000 after purchasing an additional 937 shares in the last quarter. 71.56% of the stock is currently owned by institutional investors.

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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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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