Analysts Issue Forecasts for National Fuel Gas Co.’s Q2 2018 Earnings (NFG)

National Fuel Gas Co. (NYSE:NFG) – Investment analysts at US Capital Advisors dropped their Q2 2018 earnings estimates for National Fuel Gas in a report released on Friday, April 6th. US Capital Advisors analyst B. Followill now expects that the oil and gas producer will post earnings per share of $1.03 for the quarter, down from their previous forecast of $1.05. US Capital Advisors also issued estimates for National Fuel Gas’ Q3 2018 earnings at $0.71 EPS and FY2018 earnings at $3.26 EPS.

How to Become a New Pot Stock Millionaire

National Fuel Gas (NYSE:NFG) last issued its earnings results on Thursday, February 1st. The oil and gas producer reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.21. The business had revenue of $419.66 million during the quarter, compared to the consensus estimate of $453.61 million. National Fuel Gas had a return on equity of 16.36% and a net margin of 24.93%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share.

A number of other equities research analysts also recently weighed in on NFG. Jefferies Group reiterated a “hold” rating and issued a $58.00 target price on shares of National Fuel Gas in a report on Wednesday, December 20th. Sidoti raised National Fuel Gas from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 2nd. Zacks Investment Research raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. TheStreet raised National Fuel Gas from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Finally, Citigroup reissued a “neutral” rating and issued a $54.00 price objective on shares of National Fuel Gas in a research note on Wednesday, March 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $59.60.

Shares of NFG stock opened at $50.28 on Monday. The company has a market capitalization of $4,314.12, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 4.89 and a beta of 0.88. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. National Fuel Gas has a fifty-two week low of $48.31 and a fifty-two week high of $61.20.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.415 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.66 dividend on an annualized basis and a yield of 3.30%. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.30%.

Large investors have recently made changes to their positions in the stock. MHI Funds LLC purchased a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $113,000. Captrust Financial Advisors purchased a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $126,000. Brown Advisory Inc. purchased a new position in shares of National Fuel Gas during the third quarter valued at approximately $208,000. Quadrature Capital Ltd purchased a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $210,000. Finally, Taylor Hoffman Wealth Management purchased a new position in shares of National Fuel Gas during the fourth quarter valued at approximately $221,000. 71.56% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This article was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3342153/analysts-issue-forecasts-for-national-fuel-gas-co-s-q2-2018-earnings-nfg.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.

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.

Latest News

CDW  Given Average Rating of “Buy” by Analysts
CDW Given Average Rating of “Buy” by Analysts
$0.80 Earnings Per Share Expected for Canadian National Railway  This Quarter
$0.80 Earnings Per Share Expected for Canadian National Railway This Quarter
Somewhat Favorable News Coverage Somewhat Unlikely to Affect DTS  Stock Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect DTS Stock Price
Financial Review: Torchmark  and Its Competitors
Financial Review: Torchmark and Its Competitors
TSO3  Sets New 52-Week Low at $0.90
TSO3 Sets New 52-Week Low at $0.90
Net 1 UEPS Technologies  Sets New 12-Month High and Low at $8.62
Net 1 UEPS Technologies Sets New 12-Month High and Low at $8.62


Leave a Reply

© 2006-2018 Ticker Report. Google+.