National Fuel Gas Co. (NFG) Receives $60.00 Average PT from Brokerages

Shares of National Fuel Gas Co. (NYSE:NFG) have received an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.33.

A number of brokerages have commented on NFG. Zacks Investment Research upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Sidoti upgraded shares of National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, January 2nd. Jefferies Group restated a “hold” rating and issued a $58.00 target price on shares of National Fuel Gas in a research note on Wednesday, December 20th. Citigroup restated a “neutral” rating and issued a $54.00 target price on shares of National Fuel Gas in a research note on Wednesday, March 7th. Finally, TheStreet upgraded shares of National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd.

How to Become a New Pot Stock Millionaire

Several institutional investors and hedge funds have recently made changes to their positions in NFG. New York State Common Retirement Fund lifted its position in shares of National Fuel Gas by 2.1% in the 3rd quarter. New York State Common Retirement Fund now owns 171,100 shares of the oil and gas producer’s stock worth $9,686,000 after purchasing an additional 3,500 shares during the period. Ameriprise Financial Inc. lifted its position in shares of National Fuel Gas by 2.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 347,556 shares of the oil and gas producer’s stock worth $19,679,000 after purchasing an additional 7,408 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of National Fuel Gas in the 3rd quarter worth approximately $280,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of National Fuel Gas by 9.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,780 shares of the oil and gas producer’s stock worth $950,000 after purchasing an additional 1,500 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of National Fuel Gas by 7.8% in the 3rd quarter. Legal & General Group Plc now owns 104,790 shares of the oil and gas producer’s stock worth $5,933,000 after purchasing an additional 7,598 shares during the period. 71.56% of the stock is owned by hedge funds and other institutional investors.

NFG stock traded down $1.76 during mid-day trading on Friday, reaching $50.07. The company had a trading volume of 240,533 shares, compared to its average volume of 526,734. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.27. The company has a market capitalization of $4,390.48, a P/E ratio of 15.56, a P/E/G ratio of 4.98 and a beta of 0.88. National Fuel Gas has a 12 month low of $48.31 and a 12 month high of $61.20.

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. The business had revenue of $419.66 million for the quarter, compared to the consensus estimate of $453.61 million. National Fuel Gas had a net margin of 24.93% and a return on equity of 16.36%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. research analysts expect that National Fuel Gas will post 3.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be given a $0.415 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.66 annualized dividend and a dividend yield of 3.32%. National Fuel Gas’s payout ratio is presently 50.30%.

WARNING: This article was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3336003/national-fuel-gas-co-nfg-receives-60-00-average-pt-from-brokerages.html.

National Fuel Gas Company Profile

National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.

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.

Latest News

Laboratory Corp. of America  Set to Announce Quarterly Earnings on Wednesday
Laboratory Corp. of America Set to Announce Quarterly Earnings on Wednesday
$590.45 Million in Sales Expected for Murphy Oil  This Quarter
$590.45 Million in Sales Expected for Murphy Oil This Quarter
Echo Global Logistics  to Release Earnings on Tuesday
Echo Global Logistics to Release Earnings on Tuesday
Texas Pacific Land Trust  to Release Earnings on Wednesday
Texas Pacific Land Trust to Release Earnings on Wednesday
Reata Pharmaceuticals  Raised to “Sell” at BidaskClub
Reata Pharmaceuticals Raised to “Sell” at BidaskClub
Territorial Bancorp  Stock Rating Lowered by BidaskClub
Territorial Bancorp Stock Rating Lowered by BidaskClub


© 2006-2018 Ticker Report. Google+.