National Fuel Gas Co. (NFG) Receives Average Recommendation of “Hold” from Analysts
Shares of National Fuel Gas Co. (NYSE:NFG) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $62.67.
A number of equities analysts have weighed in on the company. Sidoti assumed coverage on National Fuel Gas in a research report on Thursday, October 12th. They set a “neutral” rating and a $65.00 price target on the stock. Jefferies Group reissued 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 National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, November 25th. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th.
Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of National Fuel Gas by 1.9% in the second 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 during the last quarter. Cable Hill Partners LLC acquired a new position in shares of National Fuel Gas in the third quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 445 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new position in shares of National Fuel Gas in the second quarter valued at approximately $168,000. Finally, Oakbrook Investments LLC acquired a new position in shares of National Fuel Gas in the third quarter valued at approximately $201,000. 71.47% of the stock is currently owned by institutional investors.
National Fuel Gas (NYSE:NFG) last announced 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 firm had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. equities analysts forecast that National Fuel Gas will post 2.89 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Thursday, December 28th. National Fuel Gas’s payout ratio is 50.30%.
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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