National Fuel Gas (NYSE:NFG) Stock Rating Upgraded by Wall Street Zen

National Fuel Gas (NYSE:NFG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Other equities research analysts also recently issued reports about the company. Bank of America lifted their target price on National Fuel Gas from $77.00 to $85.00 and gave the stock an “underperform” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on National Fuel Gas from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.33.

National Fuel Gas Stock Down 0.9%

NFG opened at $83.98 on Monday. The business has a 50 day moving average of $82.08 and a 200-day moving average of $74.90. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 195.30, a P/E/G ratio of 0.54 and a beta of 0.62. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 0.86. National Fuel Gas has a 1-year low of $54.05 and a 1-year high of $86.45.

National Fuel Gas (NYSE:NFG) last released its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, beating the consensus estimate of $2.18 by $0.21. The firm had revenue of $729.95 million during the quarter, compared to analysts’ expectations of $770.81 million. National Fuel Gas had a net margin of 1.91% and a return on equity of 18.55%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. As a group, sell-side analysts anticipate that National Fuel Gas will post 6.64 earnings per share for the current year.

Institutional Trading of National Fuel Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFG. CIBC Private Wealth Group LLC lifted its stake in National Fuel Gas by 14.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,221 shares of the oil and gas producer’s stock worth $76,000 after purchasing an additional 153 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of National Fuel Gas by 3.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,285 shares of the oil and gas producer’s stock worth $419,000 after buying an additional 156 shares in the last quarter. Horizon Investment Services LLC lifted its position in shares of National Fuel Gas by 2.5% during the 1st quarter. Horizon Investment Services LLC now owns 6,618 shares of the oil and gas producer’s stock worth $524,000 after buying an additional 162 shares during the period. Donald L. Hagan LLC boosted its stake in National Fuel Gas by 1.2% in the 1st quarter. Donald L. Hagan LLC now owns 15,598 shares of the oil and gas producer’s stock valued at $1,235,000 after buying an additional 183 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in National Fuel Gas by 2.9% in the 4th quarter. Captrust Financial Advisors now owns 7,288 shares of the oil and gas producer’s stock valued at $442,000 after buying an additional 204 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Company Profile

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.