National Fuel Gas Company (NFG) Stock Rating Lowered by Zacks Investment Research
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.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.watchlistnews.com/national-fuel-gas-company-nfg-stock-rating-lowered-by-zacks-investment-research/1710172.html.
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.
Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with Analyst Ratings Network's FREE daily email newsletter.