National Fuel Gas (NYSE:NFG) Issues Quarterly Earnings Results

National Fuel Gas (NYSE:NFG – Get Free Report) announced its earnings results on Wednesday. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18, Zacks reports. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. National Fuel Gas’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS.

National Fuel Gas Trading Down 2.6%

Shares of NFG traded down $2.01 during mid-day trading on Wednesday, hitting $76.62. 2,355,234 shares of the company’s stock traded hands, compared to its average volume of 1,035,548. The business’s 50-day moving average price is $80.07 and its 200-day moving average price is $83.32. National Fuel Gas has a 1 year low of $74.92 and a 1 year high of $97.06. The company has a quick ratio of 3.07, a current ratio of 3.20 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $7.28 billion, a P/E ratio of 10.64, a PEG ratio of 1.74 and a beta of 0.36.

National Fuel Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.5550 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.22 annualized dividend and a yield of 2.9%. National Fuel Gas’s dividend payout ratio is presently 30.83%.

Wall Street Analysts Forecast Growth

NFG has been the topic of several analyst reports. Weiss Ratings raised National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. KeyCorp reaffirmed an “overweight” rating on shares of National Fuel Gas in a report on Monday, August 31st. Finally, Wall Street Zen lowered National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, National Fuel Gas presently has a consensus rating of “Moderate Buy” and an average price target of $105.50.

Read Our Latest Stock Analysis on NFG

National Fuel Gas Company Profile

(Get Free Report)

National Fuel Gas Company (NYSE:NFG) is a diversified energy company engaged in the exploration, production, gathering, transportation, storage and distribution of natural gas. Its operations span the natural gas value chain, with an emphasis on resources and infrastructure in the Appalachian Basin.

Through its exploration and production business, National Fuel develops natural gas reserves primarily in the Marcellus Shale of Pennsylvania. Its pipeline and storage operations transport and store natural gas for utilities, marketers and other customers, while its gathering systems connect production wells to larger transmission networks.

National Fuel also operates a regulated natural gas utility that distributes gas to residential, commercial and industrial customers in portions of western New York and northwestern Pennsylvania.

Recommended Stories

Earnings History for National Fuel Gas (NYSE:NFG)

Receive News & Ratings for National Fuel Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas and related companies with MarketBeat.com's FREE daily email newsletter.