National Fuel Gas (NYSE:NFG)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a report issued on Wednesday. They currently have a $58.00 price objective on the oil and gas producer’s stock. Jefferies Group’s target price points to a potential upside of 5.88% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Scotiabank set a $61.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research note on Saturday, November 25th. Zacks Investment Research downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. Finally, Sidoti began coverage on National Fuel Gas in a research note on Thursday, October 12th. They issued a “neutral” rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. National Fuel Gas currently has a consensus rating of “Hold” and an average price target of $61.33.

National Fuel Gas (NYSE:NFG) traded down $0.11 during trading on Wednesday, reaching $54.78. The company had a trading volume of 497,127 shares, compared to its average volume of 458,572. National Fuel Gas has a fifty-two week low of $53.03 and a fifty-two week high of $61.25. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4,806.30, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 9.51 and a beta of 0.94.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. National Fuel Gas’s revenue for the quarter was down 1.9% on a year-over-year basis. equities analysts anticipate that National Fuel Gas will post 2.95 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC raised its holdings in National Fuel Gas by 1.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 69,512 shares of the oil and gas producer’s stock valued at $3,935,000 after acquiring an additional 978 shares during the period. Federated Investors Inc. PA raised its holdings in National Fuel Gas by 36.7% during the 2nd quarter. Federated Investors Inc. PA now owns 70,927 shares of the oil and gas producer’s stock valued at $3,961,000 after acquiring an additional 19,037 shares during the period. Canada Pension Plan Investment Board raised its holdings in National Fuel Gas by 17.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 36,600 shares of the oil and gas producer’s stock valued at $2,044,000 after acquiring an additional 5,448 shares during the period. JPMorgan Chase & Co. raised its holdings in National Fuel Gas by 5.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock valued at $234,778,000 after acquiring an additional 222,965 shares during the period. Finally, ProShare Advisors LLC raised its holdings in National Fuel Gas by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 179,128 shares of the oil and gas producer’s stock valued at $10,003,000 after acquiring an additional 13,921 shares during the period. 71.48% of the stock is currently owned by institutional investors and hedge funds.

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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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