Equities research analysts forecast that National Fuel Gas Co. (NYSE:NFG) will announce $318.62 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for National Fuel Gas’ earnings, with the highest sales estimate coming in at $343.33 million and the lowest estimate coming in at $293.90 million. National Fuel Gas posted sales of $286.94 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that National Fuel Gas will report full year sales of $1.62 billion for the current financial year, with estimates ranging from $1.59 billion to $1.65 billion. For the next financial year, analysts expect that the firm will report sales of $1.75 billion, with estimates ranging from $1.55 billion to $1.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 2nd. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. National Fuel Gas had a net margin of 25.09% and a return on equity of 15.77%. The business had revenue of $342.90 million for the quarter, compared to analyst estimates of $380.47 million. During the same period last year, the business posted $0.69 EPS. National Fuel Gas’s revenue was down 1.6% compared to the same quarter last year.
In other news, insider Ronald C. Kraemer sold 3,054 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $55.47, for a total transaction of $169,405.38. Following the completion of the transaction, the insider now directly owns 34,427 shares of the company’s stock, valued at approximately $1,909,665.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.43% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd lifted its holdings in National Fuel Gas by 1,961.5% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,247 shares of the oil and gas producer’s stock valued at $116,000 after purchasing an additional 2,138 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in National Fuel Gas during the 2nd quarter valued at about $137,000. Captrust Financial Advisors lifted its holdings in National Fuel Gas by 49.0% during the 2nd quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 993 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in National Fuel Gas during the 2nd quarter valued at about $205,000. Finally, Oakbrook Investments LLC bought a new position in National Fuel Gas during the 2nd quarter valued at about $207,000. 71.06% of the stock is owned by institutional investors.
NYSE:NFG traded down $0.98 during midday trading on Friday, reaching $55.99. The stock had a trading volume of 538,394 shares, compared to its average volume of 465,631. National Fuel Gas has a 1-year low of $48.31 and a 1-year high of $59.90. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $4.82 billion, a PE ratio of 16.97, a PEG ratio of 3.44 and a beta of 0.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, September 27th. National Fuel Gas’s payout ratio is 51.52%.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States.
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