Zacks: Analysts Anticipate National Fuel Gas Co. (NFG) Will Announce Earnings of $0.97 Per Share

Brokerages expect that National Fuel Gas Co. (NYSE:NFG) will announce earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for National Fuel Gas’ earnings. The highest EPS estimate is $1.02 and the lowest is $0.92. National Fuel Gas reported earnings per share of $1.02 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.9%. The firm is expected to announce its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.29 to $3.59. For the next year, analysts anticipate that the firm will report earnings of $3.56 per share, with EPS estimates ranging from $2.79 to $4.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow National Fuel Gas.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). The firm had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $316.56 million. National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS.

Several research firms have recently commented on NFG. TheStreet lowered shares of National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research report on Friday, October 19th. Finally, ValuEngine raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.75.

Shares of NFG stock traded up $0.18 during trading on Friday, hitting $54.88. 575,309 shares of the stock traded hands, compared to its average volume of 518,884. The firm has a market cap of $4.70 billion, a PE ratio of 16.43, a PEG ratio of 3.31 and a beta of 0.78. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. National Fuel Gas has a 52-week low of $48.31 and a 52-week high of $59.15.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, December 28th. National Fuel Gas’s payout ratio is 50.90%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc purchased a new stake in National Fuel Gas in the second quarter valued at approximately $137,000. Captrust Financial Advisors raised its position in National Fuel Gas by 49.0% in the second quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock valued at $161,000 after purchasing an additional 993 shares during the period. IFP Advisors Inc raised its position in National Fuel Gas by 80.1% in the third quarter. IFP Advisors Inc now owns 3,046 shares of the oil and gas producer’s stock valued at $171,000 after purchasing an additional 1,355 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in National Fuel Gas in the third quarter valued at approximately $172,000. Finally, Dupont Capital Management Corp purchased a new stake in National Fuel Gas in the third quarter valued at approximately $185,000. 71.89% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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