National Fuel Gas Co. (NYSE:NFG) Receives $47.00 Average Price Target from Brokerages

Shares of National Fuel Gas Co. (NYSE:NFG) have been given a consensus rating of “Hold” by the six analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $47.00.

Several equities analysts recently commented on the company. Citigroup cut their target price on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research upgraded National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price for the company in a research report on Thursday, August 8th. TheStreet downgraded National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, July 19th. Jefferies Financial Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Tuesday, October 15th. Finally, ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Institutional investors have recently bought and sold shares of the stock. LSV Asset Management increased its holdings in National Fuel Gas by 95.4% during the 2nd quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock valued at $150,476,000 after purchasing an additional 1,392,847 shares in the last quarter. First Trust Advisors LP increased its holdings in National Fuel Gas by 91.7% during the 3rd quarter. First Trust Advisors LP now owns 1,343,757 shares of the oil and gas producer’s stock valued at $63,049,000 after purchasing an additional 642,750 shares in the last quarter. BlackRock Inc. increased its holdings in National Fuel Gas by 4.2% during the 2nd quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock valued at $434,467,000 after purchasing an additional 333,562 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in National Fuel Gas during the 2nd quarter valued at $14,487,000. Finally, APG Asset Management N.V. increased its holdings in National Fuel Gas by 120.4% during the 2nd quarter. APG Asset Management N.V. now owns 374,400 shares of the oil and gas producer’s stock valued at $17,342,000 after purchasing an additional 204,500 shares in the last quarter. Institutional investors and hedge funds own 73.03% of the company’s stock.

Shares of NFG stock traded down $1.03 during mid-day trading on Monday, reaching $45.11. The stock had a trading volume of 684,200 shares, compared to its average volume of 606,228. The firm’s 50 day simple moving average is $45.52 and its 200 day simple moving average is $50.11. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.00. National Fuel Gas has a one year low of $42.98 and a one year high of $61.71. The firm has a market cap of $3.94 billion, a PE ratio of 13.08, a P/E/G ratio of 5.32 and a beta of 0.74.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The business had revenue of $293.34 million during the quarter, compared to the consensus estimate of $336.30 million. National Fuel Gas had a return on equity of 14.40% and a net margin of 17.97%. National Fuel Gas’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Sell-side analysts forecast that National Fuel Gas will post 3.08 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 3.6%. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.43%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

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