National Fuel Gas (NFG) Updates FY19 Earnings Guidance

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National Fuel Gas (NYSE:NFG) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $3.45-3.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.48.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of National Fuel Gas from a hold rating to a strong-buy rating and set a $66.00 price objective for the company in a report on Friday, October 19th. ValuEngine raised shares of National Fuel Gas from a sell rating to a hold rating in a report on Monday, October 8th. Finally, TheStreet raised shares of National Fuel Gas from a c+ rating to a b rating in a report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $60.00.

NFG traded up $0.08 on Thursday, reaching $57.30. The stock had a trading volume of 891,322 shares, compared to its average volume of 419,096. National Fuel Gas has a 12-month low of $48.31 and a 12-month high of $59.15. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 6.02 and a beta of 0.71.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. The firm had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $316.56 million. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that National Fuel Gas will post 3.37 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a $0.425 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.97%. National Fuel Gas’s payout ratio is 50.90%.

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National Fuel Gas Company Profile

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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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