National Fuel Gas Company (NYSE:NFG – Get Free Report)’s stock price hit a new 52-week low on Thursday. The company traded as low as $75.03 and last traded at $75.6210, with a volume of 93368 shares. The stock had previously closed at $75.86.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. KeyCorp reiterated an “overweight” rating on shares of National Fuel Gas in a research note on Monday, August 31st. Wall Street Zen cut National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Weiss Ratings lowered shares of National Fuel Gas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.50.
Get Our Latest Analysis on NFG
National Fuel Gas Trading Up 0.3%
National Fuel Gas (NYSE:NFG – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas producer reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. National Fuel Gas had a net margin of 26.97% and a return on equity of 19.04%. The business had revenue of $537.50 million for the quarter, compared to the consensus estimate of $564.33 million. During the same quarter last year, the company posted $1.64 earnings per share. National Fuel Gas’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts expect that National Fuel Gas Company will post 7.49 EPS for the current fiscal year.
National Fuel Gas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.5550 dividend. This represents a $2.22 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, September 30th. National Fuel Gas’s dividend payout ratio (DPR) is currently 30.83%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in National Fuel Gas during the second quarter worth about $748,569,000. Energy Income Partners LLC bought a new stake in shares of National Fuel Gas during the second quarter valued at approximately $231,309,000. Geode Capital Management LLC raised its stake in shares of National Fuel Gas by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,816,217 shares of the oil and gas producer’s stock valued at $145,446,000 after purchasing an additional 121,099 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in National Fuel Gas by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,177,958 shares of the oil and gas producer’s stock worth $110,686,000 after purchasing an additional 42,108 shares during the period. Finally, Norges Bank bought a new position in National Fuel Gas in the fourth quarter worth $92,415,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
National Fuel Gas Company Profile
National Fuel Gas Company (NYSE:NFG) is a diversified energy company engaged in the exploration, production, gathering, transportation, storage and marketing of natural gas. Through its subsidiaries, the company operates across multiple segments of the natural gas value chain, with a concentration in the Appalachian Basin and the northeastern United States.
National Fuel’s exploration and production operations are conducted primarily through Seneca Resources Company, which develops and produces natural gas in the Appalachian region.
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