Equities research analysts forecast that National Fuel Gas Co. (NYSE:NFG) will announce sales of $316.56 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Fuel Gas’ earnings. The highest sales estimate is $337.42 million and the lowest is $295.70 million. National Fuel Gas reported sales of $286.94 million in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, November 1st.
On average, analysts expect that National Fuel Gas will report full year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.60 billion to $1.64 billion. For the next financial year, analysts anticipate that the company will report sales of $1.80 billion, with estimates ranging from $1.64 billion to $1.95 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for National Fuel Gas.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas producer reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.08. The firm had revenue of $342.90 million for the quarter, compared to analyst estimates of $380.47 million. National Fuel Gas had a net margin of 25.09% and a return on equity of 15.77%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS.
NFG opened at $55.51 on Tuesday. The firm has a market capitalization of $4.91 billion, a P/E ratio of 16.82, a PEG ratio of 3.46 and a beta of 0.81. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. National Fuel Gas has a 52 week low of $48.31 and a 52 week high of $59.90.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.06%. National Fuel Gas’s dividend payout ratio (DPR) is currently 51.52%.
In related news, insider Ronald C. Kraemer sold 3,054 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total transaction of $169,405.38. Following the transaction, the insider now directly owns 34,427 shares in the company, valued at approximately $1,909,665.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.43% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of NFG. BlackRock Inc. grew its holdings in shares of National Fuel Gas by 1.6% in the second quarter. BlackRock Inc. now owns 7,291,707 shares of the oil and gas producer’s stock worth $386,169,000 after purchasing an additional 111,495 shares during the last quarter. Northern Trust Corp grew its holdings in shares of National Fuel Gas by 7.9% in the second quarter. Northern Trust Corp now owns 760,261 shares of the oil and gas producer’s stock worth $40,263,000 after purchasing an additional 55,481 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of National Fuel Gas by 76.9% in the second quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock worth $35,319,000 after purchasing an additional 289,998 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in National Fuel Gas by 39.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,145 shares of the oil and gas producer’s stock worth $27,388,000 after acquiring an additional 145,743 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in National Fuel Gas by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 445,377 shares of the oil and gas producer’s stock worth $23,587,000 after acquiring an additional 9,863 shares during the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.
About National Fuel Gas
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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