Brokerages Expect National Fuel Gas (NYSE:NFG) to Post $1.45 EPS

Wall Street brokerages expect National Fuel Gas (NYSE:NFGGet Rating) to announce earnings per share (EPS) of $1.45 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for National Fuel Gas’ earnings, with the lowest EPS estimate coming in at $1.31 and the highest estimate coming in at $1.59. National Fuel Gas reported earnings per share of $0.93 during the same quarter last year, which would suggest a positive year-over-year growth rate of 55.9%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that National Fuel Gas will report full year earnings of $6.07 per share for the current year, with EPS estimates ranging from $5.68 to $6.34. For the next financial year, analysts forecast that the company will post earnings of $7.55 per share, with EPS estimates ranging from $6.97 to $8.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover National Fuel Gas.

National Fuel Gas (NYSE:NFGGet Rating) last issued 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 net margin of 22.63% and a return on equity of 21.58%. The business had revenue of $701.72 million for the quarter, compared to analysts’ expectations of $652.28 million. During the same quarter last year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 27.3% compared to the same quarter last year.

Several equities analysts have recently commented on NFG shares. Raymond James increased their price target on shares of National Fuel Gas from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday, January 10th. They issued an “underperform” rating and a $66.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of National Fuel Gas in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

In other National Fuel Gas news, Director Ronald J. Tanski sold 42,555 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $64.70, for a total value of $2,753,308.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 170,220 shares of company stock worth $11,247,712 in the last 90 days. 1.73% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SouthState Corp acquired a new position in shares of National Fuel Gas during the third quarter valued at approximately $25,000. Carroll Financial Associates Inc. increased its stake in shares of National Fuel Gas by 957.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 402 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 364 shares during the period. Moors & Cabot Inc. increased its stake in shares of National Fuel Gas by 525.0% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 21,000 shares during the period. Allegheny Financial Group LTD acquired a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $32,000. Finally, Nauset Wealth Management. LLC acquired a new position in shares of National Fuel Gas during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Shares of NFG stock opened at $69.98 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.55 and a current ratio of 0.63. National Fuel Gas has a one year low of $49.16 and a one year high of $74.32. The company’s 50-day simple moving average is $68.82 and its 200-day simple moving average is $63.73. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.17 and a beta of 0.64.

The company 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. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.82 annualized dividend and a dividend yield of 2.60%. National Fuel Gas’s payout ratio is currently 35.34%.

About National Fuel Gas (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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