Q3 EPS Estimates for National Fuel Gas Lowered by KeyCorp

National Fuel Gas Company (NYSE:NFG) – Investment analysts at KeyCorp dropped their Q3 2026 earnings per share (EPS) estimates for shares of National Fuel Gas in a research note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will post earnings per share of $1.41 for the quarter, down from their prior estimate of $1.52. KeyCorp currently has a “Strong-Buy” rating on the stock. The consensus estimate for National Fuel Gas’ current full-year earnings is $7.59 per share. KeyCorp also issued estimates for National Fuel Gas’ Q4 2026 earnings at $1.29 EPS, Q1 2027 earnings at $2.08 EPS, Q2 2027 earnings at $3.08 EPS, Q3 2027 earnings at $1.44 EPS and FY2027 earnings at $7.67 EPS.

Several other research firms also recently weighed in on NFG. Weiss Ratings raised National Fuel Gas from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, May 22nd. Zacks Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

National Fuel Gas Stock Performance

NYSE NFG opened at $77.28 on Friday. The company has a market cap of $7.34 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.70 and a beta of 0.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.62 and a quick ratio of 0.55. The stock has a 50-day moving average of $86.15 and a two-hundred day moving average of $85.20. National Fuel Gas has a 1-year low of $75.85 and a 1-year high of $97.06.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.14). The business had revenue of $858.37 million for the quarter, compared to analyst estimates of $856.57 million. National Fuel Gas had a return on equity of 20.62% and a net margin of 27.48%.The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 earnings per share.

National Fuel Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, March 31st. National Fuel Gas’s payout ratio is currently 28.96%.

Hedge Funds Weigh In On National Fuel Gas

Institutional investors have recently bought and sold shares of the company. New Age Alpha Advisors LLC raised its stake in shares of National Fuel Gas by 4.2% during the third quarter. New Age Alpha Advisors LLC now owns 3,184 shares of the oil and gas producer’s stock worth $294,000 after purchasing an additional 128 shares during the last quarter. Legacy Bridge LLC raised its stake in shares of National Fuel Gas by 0.7% during the fourth quarter. Legacy Bridge LLC now owns 17,927 shares of the oil and gas producer’s stock worth $1,435,000 after purchasing an additional 132 shares during the last quarter. NewEdge Wealth LLC raised its stake in shares of National Fuel Gas by 6.2% during the fourth quarter. NewEdge Wealth LLC now owns 2,680 shares of the oil and gas producer’s stock worth $215,000 after purchasing an additional 156 shares during the last quarter. Optas LLC raised its stake in shares of National Fuel Gas by 5.3% during the first quarter. Optas LLC now owns 3,238 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 163 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of National Fuel Gas by 5.3% during the third quarter. OneDigital Investment Advisors LLC now owns 3,238 shares of the oil and gas producer’s stock worth $299,000 after purchasing an additional 164 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

About National Fuel Gas

National Fuel Gas Company (NYSE: NFG) is a diversified energy company engaged primarily in the production, gathering, transmission, distribution and marketing of natural gas. The company operates through four principal segments: Exploration & Production, Pipeline & Storage, Utilities, and Energy Marketing. Its integrated asset base spans upstream development in the Appalachian Basin, regional pipeline networks, underground storage facilities, and regulated utility distribution systems.

In its Exploration & Production segment, National Fuel Gas focuses on developing natural gas reserves in the Marcellus and Utica shales, leveraging modern drilling and completion techniques.