National Fuel Gas Company (NYSE:NFG) – Equities research analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for shares of National Fuel Gas Company in a note issued to investors on Wednesday. Jefferies Group analyst C. Sighinolfi now expects that the oil and gas producer will earn $0.68 per share for the quarter, down from their previous forecast of $0.70. Jefferies Group has a “Hold” rating and a $52.00 price objective on the stock. Jefferies Group also issued estimates for National Fuel Gas Company’s FY2018 earnings at $2.98 EPS.
National Fuel Gas Company (NYSE:NFG) last issued its earnings results on Thursday, May 4th. The oil and gas producer reported $1.04 EPS for the quarter, missing the consensus estimate of $1.05 by $0.01. The firm had revenue of $522.10 million during the quarter, compared to analyst estimates of $514.43 million. National Fuel Gas Company had a return on equity of 18.67% and a net margin of 14.24%. National Fuel Gas Company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS.
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A number of other equities analysts have also recently issued reports on the company. Scotiabank set a $58.00 target price on National Fuel Gas Company and gave the stock a “hold” rating in a report on Saturday, July 1st. BidaskClub upgraded National Fuel Gas Company from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. ValuEngine lowered National Fuel Gas Company from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded National Fuel Gas Company from a “c+” rating to a “b” rating in a research report on Friday, June 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $59.00.
National Fuel Gas Company (NYSE:NFG) opened at 56.46 on Friday. National Fuel Gas Company has a 12 month low of $50.61 and a 12 month high of $61.25. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 21.62 and a beta of 0.97. The stock has a 50 day moving average price of $56.71 and a 200 day moving average price of $57.59.
Several hedge funds and other institutional investors have recently bought and sold shares of NFG. Russell Investments Group Ltd. bought a new position in National Fuel Gas Company during the fourth quarter worth $1,516,000. Pennsylvania Trust Co bought a new position in National Fuel Gas Company during the first quarter worth $205,000. FMR LLC increased its position in National Fuel Gas Company by 8.6% in the fourth quarter. FMR LLC now owns 194,111 shares of the oil and gas producer’s stock worth $10,994,000 after buying an additional 15,400 shares during the period. Creative Planning increased its position in National Fuel Gas Company by 2.3% in the first quarter. Creative Planning now owns 17,768 shares of the oil and gas producer’s stock worth $1,059,000 after buying an additional 391 shares during the period. Finally, ProShare Advisors LLC increased its position in National Fuel Gas Company by 23.8% in the first quarter. ProShare Advisors LLC now owns 165,207 shares of the oil and gas producer’s stock worth $9,850,000 after buying an additional 31,783 shares during the period. 68.93% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.415 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from National Fuel Gas Company’s previous quarterly dividend of $0.41. National Fuel Gas Company’s dividend payout ratio is 63.36%.
About National Fuel Gas Company
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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