Wall Street Zen upgraded shares of National Fuel Gas (NYSE:NFG – Free Report) from a sell rating to a hold rating in a report issued on Saturday.
Separately, Weiss Ratings lowered National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, National Fuel Gas presently has an average rating of “Moderate Buy” and a consensus price target of $105.50.
Check Out Our Latest Analysis on NFG
National Fuel Gas Price Performance
National Fuel Gas (NYSE:NFG – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.10. National Fuel Gas had a return on equity of 19.04% and a net margin of 26.97%.The firm had revenue of $537.50 million during the quarter, compared to analyst estimates of $564.33 million. During the same period in the previous year, the company posted $1.64 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that National Fuel Gas will post 7.5 earnings per share for the current fiscal year.
National Fuel Gas Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.555 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.22 dividend on an annualized basis and a yield of 2.7%. 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 30.83%.
Hedge Funds Weigh In On National Fuel Gas
Large investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its position in shares of National Fuel Gas by 458.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 279 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 229 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of National Fuel Gas in the fourth quarter worth $29,000. HM Payson & Co. bought a new stake in National Fuel Gas during the fourth quarter valued at $29,000. Cassaday & Co Wealth Management LLC bought a new stake in National Fuel Gas during the first quarter valued at $38,000. Finally, SHP Wealth Management purchased a new position in National Fuel Gas during the fourth quarter worth about $44,000. 73.96% of the stock is owned by institutional investors.
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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