Analysts predict that National Fuel Gas Co. (NYSE:NFG) will post $591.16 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for National Fuel Gas’ earnings. The lowest sales estimate is $555.00 million and the highest is $627.31 million. National Fuel Gas posted sales of $540.91 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.3%. The business is expected to report its next earnings results on Thursday, May 2nd.
On average, analysts expect that National Fuel Gas will report full-year sales of $1.82 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.95 billion. For the next year, analysts forecast that the business will report sales of $1.97 billion, with estimates ranging from $1.94 billion to $2.01 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.05. The company had revenue of $490.25 million during the quarter, compared to analysts’ expectations of $477.76 million. National Fuel Gas had a net margin of 17.77% and a return on equity of 15.26%.
In related news, Director David F. Smith sold 9,700 shares of National Fuel Gas stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $58.24, for a total transaction of $564,928.00. Following the sale, the director now directly owns 363,168 shares of the company’s stock, valued at approximately $21,150,904.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paula M. Ciprich sold 10,227 shares of National Fuel Gas stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $60.42, for a total transaction of $617,915.34. Following the sale, the vice president now owns 73,702 shares in the company, valued at $4,453,074.84. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of NFG. Russell Investments Group Ltd. lifted its position in shares of National Fuel Gas by 65.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 36,715 shares of the oil and gas producer’s stock worth $2,058,000 after purchasing an additional 14,576 shares during the period. Victory Capital Management Inc. acquired a new position in shares of National Fuel Gas during the 3rd quarter valued at $19,197,000. Stratos Wealth Partners LTD. acquired a new position in shares of National Fuel Gas during the 3rd quarter valued at $172,000. Virginia Retirement Systems ET AL lifted its position in shares of National Fuel Gas by 26.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 25,000 shares of the oil and gas producer’s stock valued at $1,402,000 after acquiring an additional 5,200 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of National Fuel Gas by 2.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 230,157 shares of the oil and gas producer’s stock valued at $12,903,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 73.25% of the company’s stock.
Shares of National Fuel Gas stock opened at $60.42 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 1.04. National Fuel Gas has a twelve month low of $49.60 and a twelve month high of $60.89. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 6.16 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently 50.90%.
About National Fuel Gas
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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