National Fuel Gas (NYSE:NFG) Issues FY22 Earnings Guidance

National Fuel Gas (NYSE:NFGGet Rating) updated its FY22 earnings guidance on Thursday. The company provided EPS guidance of $5.70-6.00 for the period, compared to the consensus EPS estimate of $5.85.

A number of brokerages have commented on NFG. StockNews.com began coverage on National Fuel Gas in a report on Thursday, March 31st. They set a hold rating for the company. Raymond James increased their target price on National Fuel Gas from $69.00 to $76.00 and gave the company an outperform rating in a report on Monday, April 25th. Finally, Bank of America began coverage on National Fuel Gas in a report on Monday, January 10th. They set an underperform rating and a $66.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $69.67.

NFG stock traded down $2.75 during midday trading on Friday, hitting $68.56. 2,765 shares of the company’s stock were exchanged, compared to its average volume of 631,804. The business has a 50-day simple moving average of $68.66 and a two-hundred day simple moving average of $63.61. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $6.27 billion, a PE ratio of 15.64, a P/E/G ratio of 1.14 and a beta of 0.64. National Fuel Gas has a 1-year low of $49.16 and a 1-year high of $74.32.

National Fuel Gas (NYSE:NFGGet Rating) last released its quarterly earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 EPS for the quarter, topping the consensus estimate of $1.65 by $0.03. National Fuel Gas had a return on equity of 21.58% and a net margin of 22.63%. The business had revenue of $701.72 million during the quarter, compared to analyst estimates of $652.28 million. During the same period last year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. As a group, research analysts expect that National Fuel Gas will post 6.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, March 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 39.91%.

In related news, Director Ronald J. Tanski sold 42,555 shares of the business’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 legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 170,220 shares of company stock worth $11,247,712 in the last 90 days. 1.73% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in NFG. Parametric Portfolio Associates LLC lifted its stake in National Fuel Gas by 3.8% in the 4th quarter. Parametric Portfolio Associates LLC now owns 351,217 shares of the oil and gas producer’s stock valued at $22,457,000 after buying an additional 12,887 shares in the last quarter. Morgan Stanley raised its holdings in National Fuel Gas by 36.7% in the 2nd quarter. Morgan Stanley now owns 333,743 shares of the oil and gas producer’s stock valued at $17,437,000 after acquiring an additional 89,633 shares during the last quarter. Wells Fargo & Company MN raised its holdings in National Fuel Gas by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 322,310 shares of the oil and gas producer’s stock valued at $20,608,000 after acquiring an additional 15,472 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in National Fuel Gas by 93.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 270,691 shares of the oil and gas producer’s stock valued at $17,308,000 after acquiring an additional 130,964 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in National Fuel Gas by 2.9% in the 4th quarter. Legal & General Group Plc now owns 174,404 shares of the oil and gas producer’s stock valued at $11,152,000 after acquiring an additional 4,997 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

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.

Further Reading

Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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