National Fuel Gas (NYSE:NFG) Expected to Announce Earnings of $1.46 Per Share

Equities research analysts predict that National Fuel Gas (NYSE:NFGGet Rating) will report $1.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Fuel Gas’ earnings. The lowest EPS estimate is $1.32 and the highest is $1.59. National Fuel Gas reported earnings of $0.93 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 57%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $5.90 per share for the current fiscal year, with EPS estimates ranging from $5.47 to $6.34. For the next financial year, analysts expect that the firm will report earnings of $6.99 per share, with EPS estimates ranging from $6.21 to $8.07. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow National Fuel Gas.

National Fuel Gas (NYSE:NFGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The oil and gas producer reported $1.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.68. National Fuel Gas had a return on equity of 23.85% and a net margin of 23.67%. The business had revenue of $701.72 million for the quarter, compared to the consensus estimate of $652.28 million. During the same period last year, the business earned $1.34 EPS. The firm’s revenue was up 27.3% compared to the same quarter last year.

Several brokerages have commented on NFG. Raymond James lifted their price target on National Fuel Gas from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. StockNews.com began coverage on National Fuel Gas in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NYSE NFG opened at $74.27 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $69.87 and its two-hundred day moving average is $64.87. The company has a market cap of $6.79 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.21 and a beta of 0.64. National Fuel Gas has a 12 month low of $49.16 and a 12 month high of $74.32.

The company also recently disclosed 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 2.45%. The ex-dividend date was Wednesday, March 30th. National Fuel Gas’s dividend payout ratio is presently 35.34%.

In other news, COO Ronald C. Kraemer sold 1,390 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $70.00, for a total transaction of $97,300.00. Following the sale, the chief operating officer now directly owns 45,995 shares in the company, valued at $3,219,650. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ronald J. Tanski sold 42,555 shares of the business’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $68.96, for a total value of $2,934,592.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,055 shares of company stock worth $8,761,924. 1.73% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Garde Capital Inc. acquired a new stake in National Fuel Gas in the 1st quarter valued at $100,000. Advisory Services Network LLC boosted its stake in National Fuel Gas by 15.2% in the 1st quarter. Advisory Services Network LLC now owns 3,887 shares of the oil and gas producer’s stock valued at $267,000 after buying an additional 514 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in National Fuel Gas in the 1st quarter valued at $206,000. Mirabella Financial Services LLP acquired a new stake in National Fuel Gas in the 1st quarter valued at $227,000. Finally, Jane Street Group LLC boosted its stake in National Fuel Gas by 78.5% in the first quarter. Jane Street Group LLC now owns 18,476 shares of the oil and gas producer’s stock worth $1,269,000 after purchasing an additional 8,127 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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

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