National Fuel Gas Co. (NYSE:NFG) – Investment analysts at Jefferies Financial Group lifted their FY2019 earnings per share estimates for shares of National Fuel Gas in a note issued to investors on Tuesday, October 15th. Jefferies Financial Group analyst C. Sighinolfi now anticipates that the oil and gas producer will post earnings of $3.41 per share for the year, up from their prior estimate of $3.37. Jefferies Financial Group has a “Buy” rating and a $51.00 price objective on the stock. Jefferies Financial Group also issued estimates for National Fuel Gas’ Q1 2020 earnings at $1.03 EPS, Q4 2020 earnings at $0.42 EPS and FY2020 earnings at $3.17 EPS.
Several other research firms have also commented on NFG. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Thursday, August 8th. Citigroup dropped their target price on National Fuel Gas from $61.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, TheStreet lowered National Fuel Gas from a “b” rating to a “c+” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.00.
National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. The firm had revenue of $357.20 million for the quarter, compared to analyst estimates of $400.88 million. National Fuel Gas had a return on equity of 14.53% and a net margin of 17.46%. National Fuel Gas’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share.
The company also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.435 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Friday, September 27th. National Fuel Gas’s payout ratio is 52.10%.
Several hedge funds have recently modified their holdings of the business. 6 Meridian grew its holdings in shares of National Fuel Gas by 2.4% during the second quarter. 6 Meridian now owns 8,771 shares of the oil and gas producer’s stock worth $463,000 after purchasing an additional 207 shares during the last quarter. LPL Financial LLC grew its holdings in shares of National Fuel Gas by 1.0% during the second quarter. LPL Financial LLC now owns 27,141 shares of the oil and gas producer’s stock worth $1,432,000 after purchasing an additional 257 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of National Fuel Gas by 1.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 15,950 shares of the oil and gas producer’s stock worth $841,000 after purchasing an additional 280 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of National Fuel Gas by 2.1% during the second quarter. Profund Advisors LLC now owns 14,259 shares of the oil and gas producer’s stock worth $752,000 after purchasing an additional 290 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of National Fuel Gas by 4.4% during the third quarter. Moody National Bank Trust Division now owns 7,205 shares of the oil and gas producer’s stock worth $338,000 after buying an additional 305 shares during the period. 73.25% of the stock is currently owned by institutional investors.
About National Fuel Gas
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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