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.
ILLEGAL ACTIVITY NOTICE: “National Fuel Gas’ (NFG) “Hold” Rating Reaffirmed at Jefferies Group LLC” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/10/12/national-fuel-gas-nfg-hold-rating-reaffirmed-at-jefferies-group-llc.html.
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.
Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.