Analysts Set National Fuel Gas Co. (NYSE:NFG) Price Target at $47.00

National Fuel Gas Co. (NYSE:NFG) has been assigned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $47.00.

NFG has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, October 15th. Citigroup dropped their price target on shares of National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, ValuEngine upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

A number of large investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC purchased a new position in shares of National Fuel Gas in the 2nd quarter worth $26,000. Bridger Capital Management LLC bought a new position in National Fuel Gas in the third quarter valued at about $27,000. Prestige Wealth Management Group LLC bought a new position in National Fuel Gas in the second quarter valued at about $37,000. FinTrust Capital Advisors LLC bought a new position in National Fuel Gas in the second quarter valued at about $53,000. Finally, Cribstone Capital Management LLC boosted its position in National Fuel Gas by 172.8% in the third quarter. Cribstone Capital Management LLC now owns 1,023 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 648 shares during the last quarter. 73.12% of the stock is owned by institutional investors and hedge funds.

Shares of NFG stock remained flat at $$45.13 during mid-day trading on Friday. The stock had a trading volume of 38,925 shares, compared to its average volume of 513,646. National Fuel Gas has a 52-week low of $42.98 and a 52-week high of $61.71. The company has a 50-day moving average of $45.52 and a 200-day moving average of $48.75. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $3.90 billion, a PE ratio of 13.08 and a beta of 0.73.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. National Fuel Gas had a return on equity of 14.40% and a net margin of 17.97%. The company had revenue of $293.34 million for the quarter, compared to analysts’ expectations of $336.30 million. During the same period last year, the firm posted $0.49 earnings per share. National Fuel Gas’s revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts predict that National Fuel Gas will post 3 EPS for the current fiscal year.

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.

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