Investment analysts at Sidoti assumed coverage on shares of National Fuel Gas Company (NYSE:NFG) in a report issued on Thursday. The firm set a “neutral” rating and a $65.00 price target on the oil and gas producer’s stock. Sidoti’s target price suggests a potential upside of 13.16% from the stock’s current price.
NFG has been the topic of a number of other reports. Scotiabank set a $60.00 price objective on shares of National Fuel Gas and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reissued a “hold” rating and set a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. BidaskClub raised shares of National Fuel Gas from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Finally, TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $59.67.
National Fuel Gas (NYSE:NFG) traded up 0.63% during midday trading on Thursday, reaching $57.44. 360,262 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $57.70 and its 200 day moving average price is $57.20. National Fuel Gas has a 1-year low of $50.61 and a 1-year high of $61.25. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 17.89 and a beta of 0.95.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. The company had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same period in the prior year, the firm posted $0.68 EPS. Equities research analysts anticipate that National Fuel Gas will post $3.32 EPS for the current year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in NFG. Russell Investments Group Ltd. raised its holdings in National Fuel Gas by 9.6% during the first quarter. Russell Investments Group Ltd. now owns 29,078 shares of the oil and gas producer’s stock worth $1,734,000 after buying an additional 2,557 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of National Fuel Gas by 18.3% in the first quarter. UBS Asset Management Americas Inc. now owns 50,465 shares of the oil and gas producer’s stock valued at $3,009,000 after purchasing an additional 7,804 shares during the last quarter. KBC Group NV purchased a new stake in shares of National Fuel Gas in the first quarter valued at about $843,000. Stifel Financial Corp raised its holdings in shares of National Fuel Gas by 4.1% in the first quarter. Stifel Financial Corp now owns 13,652 shares of the oil and gas producer’s stock valued at $819,000 after purchasing an additional 540 shares during the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of National Fuel Gas in the first quarter valued at about $458,000. Hedge funds and other institutional investors own 71.78% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
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