$0.66 Earnings Per Share Expected for National Fuel Gas Co. (NFG) This Quarter
Analysts predict that National Fuel Gas Co. (NYSE:NFG) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for National Fuel Gas’ earnings. The lowest EPS estimate is $0.61 and the highest is $0.70. National Fuel Gas reported earnings of $0.69 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The firm is expected to issue its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.36 to $3.43. For the next fiscal year, analysts expect that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.21 to $3.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas producer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $342.90 million during the quarter, compared to analyst estimates of $380.47 million. National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. National Fuel Gas’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS.
NYSE NFG traded down $0.11 on Monday, reaching $56.13. The company had a trading volume of 411,600 shares, compared to its average volume of 463,671. The firm has a market capitalization of $4.83 billion, a P/E ratio of 17.01, a PEG ratio of 3.45 and a beta of 0.83. National Fuel Gas has a 52-week low of $48.31 and a 52-week high of $59.90. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 27th. National Fuel Gas’s dividend payout ratio is presently 51.52%.
In other news, insider Ronald C. Kraemer sold 3,054 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total transaction of $169,405.38. Following the completion of the sale, the insider now directly owns 34,427 shares of the company’s stock, valued at approximately $1,909,665.69. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.43% of the company’s stock.
Several institutional investors have recently made changes to their positions in NFG. Wells Fargo & Company MN increased its position in shares of National Fuel Gas by 135.6% during the 1st quarter. Wells Fargo & Company MN now owns 757,194 shares of the oil and gas producer’s stock valued at $38,958,000 after purchasing an additional 435,872 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter valued at $1,230,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of National Fuel Gas by 34.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,425 shares of the oil and gas producer’s stock valued at $279,000 after purchasing an additional 1,392 shares during the last quarter. Swiss National Bank increased its position in shares of National Fuel Gas by 2.2% during the 1st quarter. Swiss National Bank now owns 134,000 shares of the oil and gas producer’s stock valued at $6,894,000 after purchasing an additional 2,900 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of National Fuel Gas by 8.9% during the 1st quarter. M&T Bank Corp now owns 19,360 shares of the oil and gas producer’s stock valued at $996,000 after purchasing an additional 1,578 shares during the last quarter. 71.06% of the stock is owned by hedge funds and other institutional investors.
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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