National Fuel Gas (NYSE:NFG) Announces Quarterly Earnings Results

National Fuel Gas (NYSE:NFG) posted its quarterly earnings data on Wednesday. The oil and gas producer reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03, Briefing.com reports. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $540.62 million. National Fuel Gas had a net margin of 16.42% and a return on equity of 14.76%. National Fuel Gas’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 earnings per share.

National Fuel Gas Stock Performance

NFG stock opened at $58.99 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.58 and a quick ratio of 0.50. The business has a 50-day moving average price of $56.02 and a 200 day moving average price of $53.07. The company has a market capitalization of $5.42 billion, a P/E ratio of 11.70 and a beta of 0.62. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $59.52.

National Fuel Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.49%. 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 dividend payout ratio (DPR) is 40.87%.

Insider Activity at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 6,357 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $54.83, for a total value of $348,554.31. Following the completion of the transaction, the general counsel now directly owns 9,903 shares in the company, valued at $542,981.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Scotiabank lifted their price objective on shares of National Fuel Gas from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 12th.

About National Fuel Gas

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.