National Fuel Gas Co. (NYSE:NFG) – Research analysts at US Capital Advisors raised their Q4 2019 earnings per share (EPS) estimates for shares of National Fuel Gas in a research report issued on Monday, March 18th. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.58. US Capital Advisors currently has a “Hold” rating on the stock.
National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, January 31st. The oil and gas producer reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. National Fuel Gas had a net margin of 17.77% and a return on equity of 15.26%. The firm had revenue of $490.25 million during the quarter, compared to the consensus estimate of $477.76 million.
Shares of NFG stock opened at $60.22 on Wednesday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 6.20 and a beta of 0.88. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.25. National Fuel Gas has a fifty-two week low of $49.60 and a fifty-two week high of $61.19.
A number of hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in National Fuel Gas by 1.4% in the fourth quarter. American Century Companies Inc. now owns 233,851 shares of the oil and gas producer’s stock worth $11,968,000 after purchasing an additional 3,145 shares during the period. Geode Capital Management LLC lifted its holdings in National Fuel Gas by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock worth $44,823,000 after purchasing an additional 31,628 shares during the period. Norges Bank acquired a new stake in National Fuel Gas in the fourth quarter worth about $42,217,000. Financial Advocates Investment Management lifted its holdings in National Fuel Gas by 22,432.4% in the fourth quarter. Financial Advocates Investment Management now owns 66,020 shares of the oil and gas producer’s stock worth $938,000 after purchasing an additional 65,727 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in National Fuel Gas by 5.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock worth $24,367,000 after purchasing an additional 25,135 shares during the period. 73.22% of the stock is owned by institutional investors and hedge funds.
In related news, Director David F. Smith sold 9,700 shares of the company’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $58.24, for a total value of $564,928.00. Following the completion of the sale, the director now owns 363,168 shares of the company’s stock, valued at $21,150,904.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paula M. Ciprich sold 10,227 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $60.42, for a total transaction of $617,915.34. Following the completion of the sale, the vice president now directly owns 73,702 shares of the company’s stock, valued at approximately $4,453,074.84. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.82%. National Fuel Gas’s dividend payout ratio is currently 50.90%.
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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