National Fuel Gas’ (NFG) “Hold” Rating Reaffirmed at Jefferies Group LLC

National Fuel Gas Company (NYSE:NFG)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a report issued on Thursday. They currently have a $54.00 target price on the oil and gas producer’s stock. Jefferies Group LLC’s target price suggests a potential downside of 5.40% from the stock’s current price.

Several other equities research analysts have also recently commented on NFG. Scotiabank set a $58.00 target price on National Fuel Gas and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub cut National Fuel Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, TheStreet upgraded National Fuel Gas from a “c+” rating to a “b” rating in a research note on Friday, June 16th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $57.00.

Shares of National Fuel Gas (NYSE:NFG) opened at 57.08 on Thursday. The stock has a 50 day moving average of $57.70 and a 200-day moving average of $57.20. National Fuel Gas has a 52-week low of $50.61 and a 52-week high of $61.25. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 17.78 and a beta of 0.95.

National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.69. The firm had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. During the same quarter in the previous year, the business posted $0.68 EPS. On average, equities research analysts predict that National Fuel Gas will post $3.32 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of NFG. Russell Investments Group Ltd. increased its holdings in shares of National Fuel Gas by 9.6% during the 1st quarter. Russell Investments Group Ltd. now owns 29,078 shares of the oil and gas producer’s stock worth $1,734,000 after acquiring an additional 2,557 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of National Fuel Gas by 18.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 50,465 shares of the oil and gas producer’s stock worth $3,009,000 after acquiring an additional 7,804 shares during the last quarter. KBC Group NV acquired a new position in shares of National Fuel Gas during the 1st quarter worth approximately $843,000. Stifel Financial Corp increased its holdings in shares of National Fuel Gas by 4.1% during the 1st quarter. Stifel Financial Corp now owns 13,652 shares of the oil and gas producer’s stock worth $819,000 after acquiring an additional 540 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in shares of National Fuel Gas during the 1st quarter worth approximately $458,000. 71.78% of the stock is currently owned by institutional investors and hedge funds.

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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