National Fuel Gas Co. (NYSE:NFG) – Equities researchers at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for National Fuel Gas in a note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi forecasts that the brokerage will earn $0.92 per share for the quarter. Jefferies Group has a “Buy” rating and a $67.00 price target on the stock. Jefferies Group also issued estimates for National Fuel Gas’ FY2017 earnings at $3.08 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.18 EPS.
NFG has been the subject of several other research reports. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Tuesday, July 5th. Argus reissued a “hold” rating on shares of National Fuel Gas in a report on Thursday. Finally, Barclays PLC lifted their price objective on National Fuel Gas from $47.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. National Fuel Gas has a consensus rating of “Hold” and a consensus price target of $61.83.
National Fuel Gas (NYSE:NFG) opened at 54.03 on Monday. National Fuel Gas has a 52 week low of $37.03 and a 52 week high of $59.62. The firm’s 50-day moving average price is $55.59 and its 200 day moving average price is $55.02. The firm’s market cap is $4.59 billion.
National Fuel Gas (NYSE:NFG) last issued its earnings results on Friday, August 5th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03. The firm earned $335.60 million during the quarter, compared to the consensus estimate of $384.26 million. National Fuel Gas had a positive return on equity of 13.87% and a negative net margin of 35.33%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of NFG. BlackRock Group LTD increased its stake in shares of National Fuel Gas by 13.5% in the first quarter. BlackRock Group LTD now owns 69,744 shares of the company’s stock worth $3,491,000 after buying an additional 8,292 shares during the period. Oakbrook Investments LLC acquired a new stake in shares of National Fuel Gas during the second quarter worth about $244,000. Nordea Investment Management AB acquired a new stake in shares of National Fuel Gas during the second quarter worth about $528,000. Barclays PLC increased its stake in shares of National Fuel Gas by 3,041.7% in the first quarter. Barclays PLC now owns 81,874 shares of the company’s stock worth $4,094,000 after buying an additional 79,268 shares during the period. Finally, MSI Financial Services Inc increased its stake in shares of National Fuel Gas by 49.6% in the second quarter. MSI Financial Services Inc now owns 9,054 shares of the company’s stock worth $515,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 62.41% of the company’s stock.
In other National Fuel Gas news, Director Philip C. Ackerman sold 105,929 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $55.09, for a total value of $5,835,628.61. Following the completion of the transaction, the director now owns 477,765 shares in the company, valued at approximately $26,320,073.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Philip C. Ackerman sold 27,838 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $55.76, for a total value of $1,552,246.88. Following the completion of the transaction, the director now owns 583,694 shares of the company’s stock, valued at approximately $32,546,777.44. The disclosure for this sale can be found here. 3.25% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.405 dividend. The ex-dividend date was Wednesday, September 28th. This represents a $1.62 annualized dividend and a yield of 3.00%. National Fuel Gas’s dividend payout ratio is currently -26.60%.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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