Equities analysts expect National Fuel Gas Co. (NYSE:NFG) to report earnings of $0.97 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.92. National Fuel Gas reported earnings of $1.02 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.9%. The firm is scheduled to issue its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that National Fuel Gas will report full year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.29 to $3.59. For the next fiscal year, analysts anticipate that the business will post earnings of $3.56 per share, with EPS estimates ranging from $2.79 to $4.08. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The company had revenue of $289.20 million for the quarter, compared to the consensus estimate of $316.56 million. National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share.
A number of research firms have recently weighed in on NFG. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Zacks Investment Research cut National Fuel Gas from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, TheStreet cut National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $61.75.
Institutional investors have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new position in National Fuel Gas in the 2nd quarter worth about $137,000. Captrust Financial Advisors increased its holdings in National Fuel Gas by 49.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 993 shares in the last quarter. IFP Advisors Inc increased its holdings in National Fuel Gas by 80.1% in the 3rd quarter. IFP Advisors Inc now owns 3,046 shares of the oil and gas producer’s stock worth $171,000 after purchasing an additional 1,355 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in National Fuel Gas in the 3rd quarter worth about $172,000. Finally, Dupont Capital Management Corp acquired a new position in National Fuel Gas in the 3rd quarter worth about $185,000. 71.89% of the stock is owned by institutional investors.
Shares of NYSE:NFG traded up $0.18 during trading on Friday, reaching $54.88. 575,309 shares of the company traded hands, compared to its average volume of 518,884. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.31 and a beta of 0.78. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. National Fuel Gas has a 52 week low of $48.31 and a 52 week high of $59.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.10%. National Fuel Gas’s dividend payout ratio (DPR) is currently 50.90%.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.
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