Brokerages Expect National Fuel Gas Co. (NYSE:NFG) to Announce $0.93 EPS

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Analysts expect National Fuel Gas Co. (NYSE:NFG) to announce earnings of $0.93 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.82. National Fuel Gas posted earnings of $1.12 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17%. The business is expected to issue its next quarterly earnings results on Thursday, January 30th.

On average, analysts expect that National Fuel Gas will report full-year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.85 to $3.17. For the next fiscal year, analysts expect that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $3.00 to $3.23. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for National Fuel Gas.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $293.34 million during the quarter, compared to the consensus estimate of $336.30 million. National Fuel Gas had a net margin of 17.97% and a return on equity of 14.40%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS.

A number of analysts have recently weighed in on the company. Jefferies Financial Group upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, October 15th. Citigroup cut their price target on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Finally, ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC acquired a new stake in shares of National Fuel Gas during the second quarter worth approximately $26,000. Bridger Capital Management LLC bought a new stake in shares of National Fuel Gas during the third quarter valued at approximately $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of National Fuel Gas during the second quarter valued at approximately $37,000. FinTrust Capital Advisors LLC acquired a new stake in shares of National Fuel Gas in the second quarter valued at approximately $53,000. Finally, Cribstone Capital Management LLC increased its holdings in shares of National Fuel Gas by 172.8% in the third quarter. Cribstone Capital Management LLC now owns 1,023 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 648 shares in the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of NFG stock opened at $46.37 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average of $45.62 and a two-hundred day moving average of $48.36. National Fuel Gas has a 52 week low of $42.98 and a 52 week high of $61.71. The company has a market cap of $3.96 billion, a P/E ratio of 13.35 and a beta of 0.73.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.74 annualized dividend and a dividend yield of 3.75%. National Fuel Gas’s dividend payout ratio is currently 50.43%.

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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