National Fuel Gas Company (NYSE:NFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. The company is a diversified energy company consisting of the following six reportable business segments: Utility; Pipeline and Storage; Exploration and Production; International; Energy Marketing; and Timber. “

Several other equities research analysts have also recently commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. TheStreet cut National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Sidoti started coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price for the company. Scotiabank reissued a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a research note on Friday, November 3rd. Finally, BidaskClub cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $59.67.

National Fuel Gas (NYSE:NFG) traded up $0.09 during midday trading on Wednesday, hitting $58.05. The stock had a trading volume of 317,346 shares, compared to its average volume of 358,530. The firm has a market cap of $4,960.00, a PE ratio of 17.37, a P/E/G ratio of 9.71 and a beta of 0.95. National Fuel Gas has a one year low of $53.03 and a one year high of $61.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.16.

National Fuel Gas (NYSE:NFG) last released its 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. The company had revenue of $286.94 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. equities research analysts forecast that National Fuel Gas will post 2.95 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in NFG. Northwestern Mutual Wealth Management Co. grew its stake in shares of National Fuel Gas by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after purchasing an additional 34 shares during the period. Cable Hill Partners LLC acquired a new stake in shares of National Fuel Gas during the third quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of National Fuel Gas by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after purchasing an additional 445 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of National Fuel Gas during the second quarter worth $168,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas during the third quarter worth $201,000. 71.42% of the stock is owned by institutional investors and hedge funds.

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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