$0.81 EPS Expected for National Fuel Gas Co. (NFG) This Quarter
Wall Street brokerages expect National Fuel Gas Co. (NYSE:NFG) to announce $0.81 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for National Fuel Gas’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.84. National Fuel Gas posted earnings of $1.04 per share during the same quarter last year, which indicates a negative year over year growth rate of 22.1%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 1st.
On average, analysts expect that National Fuel Gas will report full-year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $3.00. For the next year, analysts anticipate that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $2.85 to $3.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow 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 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 firm had revenue of $286.94 million during the quarter, compared to analyst estimates of $325.81 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year.
Several research firms have recently commented on NFG. Sidoti began coverage on shares of National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and set a $58.00 price target on shares of National Fuel Gas in a research report on Wednesday, December 20th. Scotiabank set a $61.00 price target on shares of National Fuel Gas and gave the company a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research lowered shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, TheStreet lowered shares of National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. National Fuel Gas currently has a consensus rating of “Hold” and a consensus target price of $62.67.
Shares of National Fuel Gas (NFG) opened at $56.08 on Wednesday. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $61.25. The company has a market cap of $4,836.25, a PE ratio of 17.12, a PEG ratio of 6.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.16 and a current ratio of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, December 28th. National Fuel Gas’s dividend payout ratio is 50.30%.
A number of institutional investors have recently added to or reduced their stakes in NFG. Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $103,000 after acquiring an additional 34 shares in the last quarter. Cable Hill Partners LLC purchased a new stake in National Fuel Gas in the 3rd quarter worth approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Fuel Gas by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after acquiring an additional 445 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in National Fuel Gas in the 2nd quarter worth approximately $168,000. Finally, Oakbrook Investments LLC purchased a new stake in National Fuel Gas in the 3rd quarter worth approximately $201,000. 71.48% of the stock is 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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