National Fuel Gas Company (NFG) Downgraded by Zacks Investment Research

National Fuel Gas Company (NYSE:NFG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “National Fuel Gas Co. is engaged in the business of owning and holding securities issued by its subsidiary companies. The company is a diversified energy company consisting of the following six reportable business segments: Utility; Pipeline and Storage; Exploration and Production; International; Energy Marketing; and Timber. “

A number of other equities analysts also recently commented on NFG. BidaskClub downgraded shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. TheStreet downgraded shares of National Fuel Gas from a “b-” rating to a “c” rating in a report on Thursday, November 2nd. Scotiabank reiterated a “hold” rating and issued a $60.00 target price on shares of National Fuel Gas in a report on Friday, November 3rd. Sidoti began coverage on shares of National Fuel Gas in a report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $54.00 target price on shares of National Fuel Gas in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $59.67.

National Fuel Gas (NYSE NFG) opened at $57.33 on Wednesday. The company has a market cap of $4,870.51, a PE ratio of 17.26, a price-to-earnings-growth ratio of 9.64 and a beta of 0.95. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 1.22. National Fuel Gas has a fifty-two week low of $51.85 and a fifty-two week high of $61.25.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. The business had revenue of $286.94 million during the quarter, compared to the consensus estimate of $325.81 million. National Fuel Gas had a net margin of 17.94% and a return on equity of 17.16%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. equities analysts predict that National Fuel Gas will post 2.95 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of NFG. Northwestern Mutual Wealth Management Co. grew its stake in shares of National Fuel Gas by 1.9% during 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 acquiring an additional 34 shares during the last quarter. Cable Hill Partners LLC purchased a new stake in shares of National Fuel Gas during the third quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of National Fuel Gas by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock worth $161,000 after acquiring an additional 445 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new stake in shares of National Fuel Gas during the second quarter worth about $168,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of National Fuel Gas during the third quarter worth about $201,000. Institutional investors and hedge funds own 71.42% of the company’s stock.

About National Fuel Gas

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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