National Fuel Gas Co. (NYSE:NFG) – Equities research analysts at US Capital Advisors decreased their Q3 2017 earnings estimates for shares of National Fuel Gas in a research note issued on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will post earnings of $0.69 per share for the quarter, down from their previous estimate of $0.71. US Capital Advisors also issued estimates for National Fuel Gas’ FY2018 earnings at $2.90 EPS.
Other equities research analysts have also recently issued reports about the company. Scotiabank set a $62.00 target price on National Fuel Gas and gave the company a “hold” rating in a research note on Saturday, March 25th. Jefferies Group LLC raised National Fuel Gas from an “underperform” rating to a “hold” rating and set a $52.00 target price for the company in a research note on Wednesday, April 19th. Finally, Zacks Investment Research cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 15th. Five investment analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and a consensus price target of $59.00.
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Shares of National Fuel Gas (NYSE:NFG) opened at 57.21 on Friday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 21.90 and a beta of 0.96. The stock’s 50 day moving average price is $55.71 and its 200 day moving average price is $57.31. National Fuel Gas has a one year low of $50.61 and a one year high of $61.25.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.01. National Fuel Gas had a negative net margin of 0.86% and a positive return on equity of 18.34%. The firm had revenue of $522.10 million for the quarter, compared to the consensus estimate of $514.43 million. During the same period in the prior year, the business earned $0.97 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year.
Large investors have recently made changes to their positions in the company. Cardinal Capital Management boosted its stake in shares of National Fuel Gas by 3.5% in the third quarter. Cardinal Capital Management now owns 46,585 shares of the oil and gas producer’s stock worth $2,519,000 after buying an additional 1,555 shares during the period. Northern Trust Corp boosted its stake in shares of National Fuel Gas by 1.8% in the third quarter. Northern Trust Corp now owns 644,984 shares of the oil and gas producer’s stock worth $34,875,000 after buying an additional 11,640 shares during the period. Principal Financial Group Inc. boosted its stake in shares of National Fuel Gas by 4.1% in the third quarter. Principal Financial Group Inc. now owns 330,817 shares of the oil and gas producer’s stock worth $17,887,000 after buying an additional 12,939 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of National Fuel Gas by 35.0% in the third quarter. Riverhead Capital Management LLC now owns 4,100 shares of the oil and gas producer’s stock worth $222,000 after buying an additional 1,064 shares during the period. Finally, HBK Investments L P bought a new stake in shares of National Fuel Gas during the third quarter worth approximately $519,000. 64.97% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Paula M. Ciprich sold 7,604 shares of National Fuel Gas stock in a transaction on Friday, March 31st. The stock was sold at an average price of $59.97, for a total transaction of $456,011.88. Following the completion of the sale, the senior vice president now directly owns 65,922 shares of the company’s stock, valued at $3,953,342.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Philip C. Ackerman sold 10,000 shares of National Fuel Gas stock in a transaction on Friday, March 17th. The stock was sold at an average price of $60.65, for a total value of $606,500.00. Following the sale, the director now directly owns 239,712 shares of the company’s stock, valued at $14,538,532.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 226,802 shares of company stock valued at $13,710,035. 2.57% of the stock is owned by insiders.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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