National Fuel Gas Co. (NYSE:NFG) Expected to Post Earnings of $0.98 Per Share

Wall Street analysts expect National Fuel Gas Co. (NYSE:NFG) to post $0.98 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Fuel Gas’ earnings, with estimates ranging from $0.95 to $1.03. National Fuel Gas reported earnings per share of $1.12 in the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The company is scheduled to report its next earnings results on Thursday, January 30th.

According to Zacks, analysts expect that National Fuel Gas will report full year earnings of $3.15 per share for the current year, with EPS estimates ranging from $2.98 to $3.31. For the next financial year, analysts forecast that the company will post earnings of $3.35 per share, with EPS estimates ranging from $3.23 to $3.47. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow National Fuel Gas.

National Fuel Gas (NYSE:NFG) last issued 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 firm 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%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share.

NFG has been the topic of several analyst reports. Jefferies Financial Group raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, October 15th. Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price for the company in a report on Thursday, August 8th. Citigroup decreased their price target on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Finally, ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.00.

Shares of NFG traded down $0.20 on Friday, hitting $45.36. 50,550 shares of the stock traded hands, compared to its average volume of 714,847. National Fuel Gas has a one year low of $42.98 and a one year high of $61.71. The company has a market capitalization of $3.91 billion, a PE ratio of 13.16, a P/E/G ratio of 5.34 and a beta of 0.74. The business has a 50 day simple moving average of $45.39 and a 200 day simple moving average of $49.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.85.

A number of institutional investors have recently modified their holdings of NFG. BlackRock Inc. raised its holdings in shares of National Fuel Gas by 4.2% during the second quarter. BlackRock Inc. now owns 8,236,338 shares of the oil and gas producer’s stock worth $434,467,000 after acquiring an additional 333,562 shares during the period. LSV Asset Management lifted its stake in shares of National Fuel Gas by 95.4% in the 2nd quarter. LSV Asset Management now owns 2,852,626 shares of the oil and gas producer’s stock worth $150,476,000 after acquiring an additional 1,392,847 shares during the period. Invesco Ltd. boosted its holdings in shares of National Fuel Gas by 9.6% in the second quarter. Invesco Ltd. now owns 1,528,716 shares of the oil and gas producer’s stock valued at $80,640,000 after acquiring an additional 134,306 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of National Fuel Gas by 91.7% in the third 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 acquiring an additional 642,750 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of National Fuel Gas by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 1,140,588 shares of the oil and gas producer’s stock worth $60,166,000 after acquiring an additional 5,297 shares during the period. Institutional investors own 72.13% of the company’s stock.

About National Fuel Gas

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.

Read More: Convertible Shares

Get a free copy of the Zacks research report on National Fuel Gas (NFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.