National Fuel Gas’ (NFG) Hold Rating Reaffirmed at Jefferies Group
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.
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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