National Fuel Gas (NYSE:NFG) Upgraded at Argus

National Fuel Gas (NYSE:NFG) was upgraded by Argus to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently weighed in on NFG. Bank of America initiated coverage on National Fuel Gas in a research note on Monday, October 28th. They set an “underperform” rating and a $62.00 price target for the company. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Finally, Scotiabank lifted their price objective on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, National Fuel Gas presently has a consensus rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas Trading Up 1.1 %

Shares of NYSE NFG opened at $64.24 on Tuesday. National Fuel Gas has a one year low of $45.32 and a one year high of $64.30. The firm has a market capitalization of $5.87 billion, a PE ratio of 79.31 and a beta of 0.62. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $61.02 and a two-hundred day moving average price of $58.44.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the completion of the sale, the general counsel now owns 8,203 shares in the company, valued at $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On National Fuel Gas

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Capital Management LLC bought a new stake in National Fuel Gas in the first quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in National Fuel Gas in the third quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in National Fuel Gas in the third quarter valued at about $29,000. Venturi Wealth Management LLC acquired a new position in National Fuel Gas in the third quarter valued at about $35,000. Finally, Valley National Advisers Inc. acquired a new position in National Fuel Gas in the second quarter valued at about $37,000. Institutional investors own 73.96% of the company’s stock.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.