National Fuel Gas Co. (NYSE:NFG) – Analysts at Jefferies Financial Group reduced their Q2 2020 earnings per share (EPS) estimates for National Fuel Gas in a research report issued to clients and investors on Thursday, January 16th. Jefferies Financial Group analyst C. Sighinolfi now forecasts that the oil and gas producer will post earnings of $0.94 per share for the quarter, down from their previous forecast of $0.98. Jefferies Financial Group has a “Buy” rating and a $51.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Fuel Gas’ Q3 2020 earnings at $0.57 EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at $2.88 EPS, FY2021 earnings at $2.94 EPS, FY2022 earnings at $2.99 EPS, FY2023 earnings at $3.43 EPS and FY2024 earnings at $3.67 EPS.
Several other brokerages also recently issued reports on NFG. ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup cut their price target on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. National Fuel Gas presently has an average rating of “Hold” and a consensus price target of $47.00.
Shares of National Fuel Gas stock opened at $45.36 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.86 and a quick ratio of 0.68. National Fuel Gas has a 1 year low of $42.98 and a 1 year high of $61.71. The company has a market capitalization of $3.87 billion, a P/E ratio of 13.15 and a beta of 0.74. The business has a 50 day moving average price of $45.83 and a 200 day moving average price of $46.98.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. National Fuel Gas had a return on equity of 14.40% and a net margin of 17.97%. The firm had revenue of $293.34 million during the quarter, compared to the consensus estimate of $336.30 million. During the same period in the previous year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.435 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.74 annualized dividend and a yield of 3.84%. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.43%.
In other news, VP Paula M. Ciprich sold 4,285 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.17, for a total transaction of $202,123.45. Following the completion of the sale, the vice president now directly owns 34,046 shares of the company’s stock, valued at approximately $1,605,949.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC purchased a new stake in shares of National Fuel Gas during the 2nd quarter valued at $26,000. Bridger Capital Management LLC purchased a new stake in shares of National Fuel Gas during the 3rd quarter valued at $27,000. Prestige Wealth Management Group LLC purchased a new stake in shares of National Fuel Gas during the 2nd quarter valued at $37,000. Cribstone Capital Management LLC grew its stake in shares of National Fuel Gas by 172.8% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,023 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 648 shares during the period. Finally, CNB Bank grew its stake in shares of National Fuel Gas by 60.8% during the 3rd quarter. CNB Bank now owns 1,256 shares of the oil and gas producer’s stock valued at $59,000 after buying an additional 475 shares during the period. 73.11% of the stock is owned by institutional investors.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. 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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