Shares of National Fuel Gas Co. (NYSE:NFG) have received an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $47.00.

Several equities research analysts recently commented on NFG shares. Zacks Investment Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price on the stock in a research report on Thursday, August 8th. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Jefferies Financial Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, October 15th. Finally, Citigroup cut their price target on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th.

NYSE NFG traded up $0.53 during mid-day trading on Friday, reaching $45.47. 146,820 shares of the stock were exchanged, compared to its average volume of 601,439. The stock has a market cap of $3.93 billion, a P/E ratio of 13.18 and a beta of 0.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.86 and a quick ratio of 0.68. National Fuel Gas has a one year low of $42.98 and a one year high of $61.71. The stock has a 50 day simple moving average of $45.51 and a 200-day simple moving average of $48.81.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. National Fuel Gas had a net margin of 17.97% and a return on equity of 14.40%. The business had revenue of $293.34 million for the quarter, compared to analysts’ expectations of $336.30 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that National Fuel Gas will post 3.08 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of National Fuel Gas by 4.2% during the 2nd quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock worth $434,467,000 after purchasing an additional 333,562 shares in the last quarter. State Street Corp raised its holdings in shares of National Fuel Gas by 31.4% in the 3rd quarter. State Street Corp now owns 7,897,674 shares of the oil and gas producer’s stock worth $373,930,000 after acquiring an additional 1,887,837 shares during the last quarter. LSV Asset Management lifted its position in National Fuel Gas by 95.4% in the 2nd quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock valued at $150,476,000 after acquiring an additional 1,392,847 shares in the last quarter. Invesco Ltd. lifted its position in National Fuel Gas by 9.6% in the 2nd quarter. Invesco Ltd. now owns 1,528,716 shares of the oil and gas producer’s stock valued at $80,640,000 after acquiring an additional 134,306 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in National Fuel Gas by 91.7% during the 3rd quarter. First Trust Advisors LP now owns 1,343,757 shares of the oil and gas producer’s stock valued at $63,049,000 after purchasing an additional 642,750 shares during the last quarter. 73.11% of the stock is owned by hedge funds and other institutional investors.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through 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 in California and in the Appalachian region of the United States.

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