Shares of National Fuel Gas Company (NYSE:NFG – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $106.00.
A number of research firms have commented on NFG. Weiss Ratings cut shares of National Fuel Gas from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, June 8th. Zacks Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, KeyCorp started coverage on shares of National Fuel Gas in a report on Tuesday, April 7th. They issued an “overweight” rating and a $110.00 price objective for the company.
View Our Latest Stock Analysis on NFG
Institutional Investors Weigh In On National Fuel Gas
National Fuel Gas Price Performance
NFG stock opened at $78.24 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. National Fuel Gas has a one year low of $75.17 and a one year high of $97.06. The stock has a market cap of $7.44 billion, a PE ratio of 10.59, a P/E/G ratio of 1.72 and a beta of 0.37. The firm has a 50 day simple moving average of $80.69 and a two-hundred day simple moving average of $84.66.
National Fuel Gas (NYSE:NFG – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The company had revenue of $858.37 million during the quarter, compared to analysts’ expectations of $856.57 million. During the same period in the prior year, the firm earned $2.39 EPS. National Fuel Gas’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that National Fuel Gas will post 7.58 EPS for the current fiscal year.
National Fuel Gas Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 30th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.54. National Fuel Gas’s dividend payout ratio (DPR) is presently 28.96%.
About National Fuel Gas
National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.
In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.
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