National Fuel Gas (NYSE:NFG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Fuel Gas (NYSE:NFGGet Rating) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $63.25.

A number of analysts recently commented on the company. StockNews.com assumed coverage on National Fuel Gas in a research report on Thursday, March 31st. They set a “hold” rating for the company. Bank of America assumed coverage on National Fuel Gas in a research report on Monday, January 10th. They set an “underperform” rating and a $66.00 price objective for the company.

Shares of NFG stock opened at $72.09 on Friday. National Fuel Gas has a fifty-two week low of $49.16 and a fifty-two week high of $74.32. The stock has a market cap of $6.59 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.26 and a beta of 0.71. The business has a fifty day simple moving average of $66.72 and a 200-day simple moving average of $62.73. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 1.25.

National Fuel Gas (NYSE:NFGGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The oil and gas producer reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.13. The business had revenue of $546.56 million during the quarter, compared to analysts’ expectations of $569.37 million. National Fuel Gas had a return on equity of 21.58% and a net margin of 22.63%. During the same quarter last year, the business posted $1.06 earnings per share. On average, sell-side analysts anticipate that National Fuel Gas will post 5.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, March 30th. National Fuel Gas’s payout ratio is 39.91%.

In other National Fuel Gas news, Director Ronald J. Tanski sold 42,555 shares of the firm’s stock in a transaction dated Monday, February 14th. The stock was sold at an average price of $60.70, for a total value of $2,583,088.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 212,775 shares of company stock worth $13,812,502. 1.92% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of National Fuel Gas by 17.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 83,058 shares of the oil and gas producer’s stock valued at $4,360,000 after purchasing an additional 12,152 shares in the last quarter. New York State Teachers Retirement System lifted its position in National Fuel Gas by 17.1% during the 4th quarter. New York State Teachers Retirement System now owns 129,976 shares of the oil and gas producer’s stock worth $8,311,000 after acquiring an additional 18,968 shares in the last quarter. PSI Advisors LLC acquired a new position in National Fuel Gas during the 3rd quarter worth approximately $57,000. Allspring Global Investments Holdings LLC acquired a new position in National Fuel Gas during the 4th quarter worth approximately $3,627,000. Finally, Creative Planning lifted its position in National Fuel Gas by 5.2% during the 3rd quarter. Creative Planning now owns 16,676 shares of the oil and gas producer’s stock worth $876,000 after acquiring an additional 820 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors and hedge funds.

National Fuel Gas Company Profile (Get Rating)

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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