National Fuel Gas (NFG) to Release Quarterly Earnings on Wednesday

National Fuel Gas (NYSE:NFG) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.93 per share for the quarter. National Fuel Gas has set its FY24 guidance at $4.90-5.20 EPS and its FY 2024 guidance at 4.750-5.050 EPS.Parties that wish to register for the company’s conference call can do so using this link.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Wednesday, May 1st. The oil and gas producer reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.38. The company had revenue of $629.94 million for the quarter, compared to the consensus estimate of $767.33 million. National Fuel Gas had a return on equity of 15.06% and a net margin of 23.84%. National Fuel Gas’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 earnings per share. On average, analysts expect National Fuel Gas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

National Fuel Gas Stock Up 0.3 %

NFG opened at $58.07 on Tuesday. The business’s fifty day moving average is $55.77 and its two-hundred day moving average is $52.87. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.50 and a current ratio of 0.58. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 11.52 and a beta of 0.62. National Fuel Gas has a one year low of $45.32 and a one year high of $58.60.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.55%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, June 28th. National Fuel Gas’s payout ratio is presently 40.87%.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their target price on National Fuel Gas from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th.

Insider Activity

In other news, General Counsel Michael W. Reville sold 6,357 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $54.83, for a total value of $348,554.31. Following the sale, the general counsel now directly owns 9,903 shares in the company, valued at $542,981.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.55% of the company’s stock.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.