Somewhat Negative Media Coverage Likely to Affect National Fuel Gas (NFG) Share Price
Press coverage about National Fuel Gas (NYSE:NFG) has been trending somewhat negative recently, according to Alpha One. The research group, a service of Accern, ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. National Fuel Gas earned a news impact score of -0.05 on Alpha One’s scale. Alpha One also gave media coverage about the oil and gas producer an impact score of 70 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.
A number of research firms have weighed in on NFG. Scotiabank set a $62.00 price objective on shares of National Fuel Gas and gave the company a “hold” rating in a research note on Saturday, March 25th. Jefferies Group LLC lowered shares of National Fuel Gas from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $66.00 to $52.00 in a research note on Monday, April 10th. Finally, Zacks Investment Research lowered shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $59.00.
Shares of National Fuel Gas (NYSE:NFG) traded up 1.63% during mid-day trading on Friday, hitting $56.27. 163,924 shares of the stock were exchanged. The stock has a market cap of $4.81 billion, a PE ratio of 21.54 and a beta of 0.96. National Fuel Gas has a 12 month low of $50.61 and a 12 month high of $61.25. The stock’s 50 day moving average is $56.06 and its 200-day moving average is $57.11.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.01. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The firm had revenue of $522.10 million for the quarter, compared to the consensus estimate of $514.43 million. During the same quarter last year, the firm earned $0.97 EPS. The company’s revenue was up 16.3% on a year-over-year basis. On average, analysts anticipate that National Fuel Gas will post $3.23 EPS for the current year.
In other National Fuel Gas news, SVP Paula M. Ciprich sold 7,604 shares of the business’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $59.97, for a total transaction of $456,011.88. Following the transaction, the senior vice president now owns 65,922 shares in the company, valued at $3,953,342.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Philip C. Ackerman sold 127,828 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $60.64, for a total transaction of $7,751,489.92. Following the transaction, the director now owns 278,464 shares in the company, valued at approximately $16,886,056.96. The disclosure for this sale can be found here. Insiders have sold 226,802 shares of company stock worth $13,710,035 in the last quarter. Company insiders own 2.57% of the company’s stock.
About National Fuel Gas
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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.