National Fuel Gas (NYSE:NFG) Reaches New 52-Week Low at $57.78

National Fuel Gas (NYSE:NFG – Get Rating)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $57.78 and last traded at $58.25, with a volume of 628 shares traded. The stock had previously closed at $58.79.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James cut their price target on National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, October 24th. Scotiabank cut National Fuel Gas from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $91.00 to $85.00 in a research note on Tuesday, January 17th. Finally, StockNews.com assumed coverage on National Fuel Gas in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

National Fuel Gas Stock Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.39 and a quick ratio of 0.35. The stock has a market capitalization of $5.39 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.96 and a beta of 0.72. The company has a fifty day moving average of $63.11 and a two-hundred day moving average of $66.06.

National Fuel Gas (NYSE:NFG – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The oil and gas producer reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.07). The firm had revenue of $435.15 million during the quarter, compared to the consensus estimate of $494.08 million. National Fuel Gas had a net margin of 25.89% and a return on equity of 26.88%. On average, equities analysts anticipate that National Fuel Gas will post 6.59 EPS for the current year.

National Fuel Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, December 29th. National Fuel Gas’s dividend payout ratio (DPR) is 30.94%.

Hedge Funds Weigh In On National Fuel Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC acquired a new stake in National Fuel Gas in the third quarter worth approximately $26,000. Ronald Blue Trust Inc. lifted its position in National Fuel Gas by 1,676.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 444 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 419 shares during the period. Adirondack Trust Co. acquired a new stake in National Fuel Gas in the third quarter worth approximately $29,000. J.W. Cole Advisors Inc. acquired a new stake in National Fuel Gas in the first quarter worth approximately $32,000. Finally, Lindbrook Capital LLC lifted its position in National Fuel Gas by 47.5% in the second quarter. Lindbrook Capital LLC now owns 553 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 178 shares during the period. 72.25% of the stock is owned by institutional investors.

About National Fuel Gas

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National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, storage, and distribution of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment seeks to discover and produce raw materials.