National Fuel Gas Company (NFG) Receives $55.00 Consensus Price Target from Brokerages

Shares of National Fuel Gas Company (NYSE:NFG) have received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is $55.00.

A number of research firms have issued reports on NFG. Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 price objective on shares of National Fuel Gas in a research note on Friday, July 14th. Scotiabank set a $58.00 price objective on National Fuel Gas and gave the stock a “hold” rating in a research note on Saturday, July 1st. TheStreet raised National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. ValuEngine downgraded National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.

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Hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in National Fuel Gas by 0.4% in the first quarter. Parkside Financial Bank & Trust now owns 4,957 shares of the oil and gas producer’s stock worth $295,000 after buying an additional 18 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in shares of National Fuel Gas by 0.7% in the first quarter. SRS Capital Advisors Inc. now owns 4,831 shares of the oil and gas producer’s stock worth $288,000 after buying an additional 33 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock worth $103,000 after buying an additional 34 shares during the period. World Asset Management Inc boosted its position in shares of National Fuel Gas by 1.0% in the first quarter. World Asset Management Inc now owns 5,642 shares of the oil and gas producer’s stock worth $336,000 after buying an additional 56 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of National Fuel Gas by 0.6% in the first quarter. Baird Financial Group Inc. now owns 21,587 shares of the oil and gas producer’s stock worth $1,287,000 after buying an additional 135 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of National Fuel Gas (NYSE NFG) traded up 0.70% during mid-day trading on Friday, reaching $57.75. The company’s stock had a trading volume of 219,377 shares. The stock has a market capitalization of $4.94 billion, a P/E ratio of 17.99 and a beta of 0.97. The company’s 50-day moving average price is $57.96 and its 200-day moving average price is $57.76. National Fuel Gas has a 12-month low of $50.61 and a 12-month high of $61.25.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The business had revenue of $348.37 million for the quarter, compared to the consensus estimate of $373.86 million. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities research analysts forecast that National Fuel Gas will post $3.30 earnings per share for the current fiscal year.

National Fuel Gas Company Profile

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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