National Fuel Gas Co. (NFG) Receives Consensus Recommendation of “Hold” from Analysts

National Fuel Gas Co. (NYSE:NFG) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $61.33.

NFG has been the subject of a number of recent research reports. TheStreet raised National Fuel Gas from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Friday, August 31st. ValuEngine raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, US Capital Advisors restated an “overweight” rating on shares of National Fuel Gas in a research note on Tuesday, July 17th.

In other news, insider Ronald C. Kraemer sold 3,054 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total value of $169,405.38. Following the transaction, the insider now owns 34,427 shares in the company, valued at approximately $1,909,665.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.43% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $137,000. Captrust Financial Advisors boosted its stake in shares of National Fuel Gas by 49.0% in the 2nd quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock worth $161,000 after buying an additional 993 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $205,000. Oakbrook Investments LLC purchased a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $207,000. Finally, Hartford Investment Management Co. purchased a new position in shares of National Fuel Gas in the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 71.06% of the company’s stock.

Shares of NFG opened at $57.46 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.89 and a quick ratio of 0.81. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 3.44 and a beta of 0.81. National Fuel Gas has a 52 week low of $48.31 and a 52 week high of $59.90.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $342.90 million during the quarter, compared to analyst estimates of $380.47 million. National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. Analysts expect that National Fuel Gas will post 3.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.425 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.96%. National Fuel Gas’s payout ratio is presently 51.52%.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States.

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Analyst Recommendations for National Fuel Gas (NYSE:NFG)

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