National Fuel Gas Co. Announces Quarterly Dividend of $0.38 (NFG)

National Fuel Gas (NYSE:NFG) declared a quarterly dividend on Thursday, June 13th, ARN reports. Stockholders of record on Friday, June 28th will be given a dividend of $0.375 per share on Monday, July 15th. This represents a $1.50 dividend on an annualized basis and a yield of 2.51%.

Several analysts have also recently commented on the stock. Analysts at Howard Weil raised their price target on shares of National Fuel Gas from $65.00 to $69.00 in a research note to investors on Tuesday, May 7th. On the ratings front, analysts at Zacks upgraded shares of National Fuel Gas from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, May 7th. They now have a $65.60 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of National Fuel Gas from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, April 24th. They now have a $70.00 price target on the stock, up previously from $58.00.

Shares of National Fuel Gas (NYSE: NFG) traded up 1.39% during mid-day trading on Thursday, hitting $60.52. National Fuel Gas has a 52 week low of $43.46 and a 52 week high of $64.58. The stock’s 50-day moving average is currently $61.94. The company has a market cap of $5.056 billion and a P/E ratio of 20.36.

National Fuel Gas (NYSE: NFG) last released its earnings data on Thursday, May 2nd. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.98 by $0.04. The company had revenue of $597.83 million for the quarter, compared to the consensus estimate of $616.81 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. National Fuel Gas has set its FY13 guidance at $2.95-3.10 EPS. On average, analysts predict that National Fuel Gas will post $3.06 earnings per share for the current fiscal year.

National Fuel Gas Company is a holding company. The Company is a diversified energy company consisting of four business segments: Utility segment, Pipeline and Storage segment, and Exploration and Production segment and Energy Marketing segment.

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