Shares of National Fuel Gas Co. (NYSE:NFG) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $62.00.
A number of research analysts recently commented on NFG shares. Scotiabank restated a “hold” rating and issued a $60.00 price target on shares of National Fuel Gas in a research report on Friday, November 3rd. TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Zacks Investment Research cut National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Jefferies Group restated a “hold” rating and issued a $58.00 price target on shares of National Fuel Gas in a research report on Wednesday, December 20th. Finally, Sidoti upgraded National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, January 2nd.
Institutional investors have recently added to or reduced their stakes in the business. MHI Funds LLC bought a new position in National Fuel Gas in the fourth quarter valued at about $113,000. Cable Hill Partners LLC bought a new position in National Fuel Gas in the third quarter valued at about $119,000. Oakbrook Investments LLC bought a new position in National Fuel Gas in the third quarter valued at about $201,000. IFC Holdings Incorporated FL bought a new position in National Fuel Gas in the third quarter valued at about $206,000. Finally, Brown Advisory Inc. bought a new position in National Fuel Gas in the third quarter valued at about $208,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. The company had revenue of $419.66 million for the quarter, compared to analysts’ expectations of $453.61 million. During the same quarter last year, the business earned $1.04 earnings per share. National Fuel Gas’s revenue was down .7% on a year-over-year basis. analysts expect that National Fuel Gas will post 3.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Thursday, December 28th. National Fuel Gas’s dividend payout ratio is presently 36.40%.
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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