Brokerages Expect National Fuel Gas Co. (NFG) to Post $0.81 EPS

Wall Street brokerages expect National Fuel Gas Co. (NYSE:NFG) to report earnings per share (EPS) of $0.81 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for National Fuel Gas’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.83. National Fuel Gas posted earnings of $1.04 per share in the same quarter last year, which suggests a negative year over year growth rate of 22.1%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that National Fuel Gas will report full-year earnings of $2.95 per share for the current fiscal year, with EPS estimates ranging from $2.92 to $3.00. For the next financial year, analysts forecast that the firm will post earnings of $3.08 per share, with EPS estimates ranging from $2.85 to $3.24. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow National Fuel Gas.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The company had revenue of $286.94 million for the quarter, compared to analyst estimates of $325.81 million. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year.

Several research analysts have commented on NFG shares. BidaskClub lowered National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Scotiabank set a $60.00 price objective on National Fuel Gas and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Jefferies Group restated a “hold” rating and set a $54.00 target price (up from $52.00) on shares of National Fuel Gas in a research note on Friday, September 1st. Sidoti started coverage on National Fuel Gas in a research note on Thursday, October 12th. They set a “neutral” rating and a $65.00 target price for the company. Finally, TheStreet downgraded National Fuel Gas from a “b-” rating to a “c” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.00.

National Fuel Gas (NYSE:NFG) traded up $0.71 during trading hours on Wednesday, reaching $58.62. The company’s stock had a trading volume of 270,300 shares, compared to its average volume of 465,113. 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 one year low of $53.03 and a one year high of $61.25. The stock has a market capitalization of $4,930.00, a price-to-earnings ratio of 17.42, a PEG ratio of 9.73 and a beta of 0.95.

Several institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of National Fuel Gas during the third quarter valued at about $366,000. GSA Capital Partners LLP acquired a new position in National Fuel Gas in the third quarter worth about $770,000. Tortoise Capital Advisors L.L.C. grew its stake in National Fuel Gas by 6.4% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 828,793 shares of the oil and gas producer’s stock worth $46,918,000 after purchasing an additional 50,137 shares in the last quarter. Cetera Investment Advisers grew its stake in National Fuel Gas by 230.5% in the third quarter. Cetera Investment Advisers now owns 15,220 shares of the oil and gas producer’s stock worth $862,000 after purchasing an additional 10,615 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in National Fuel Gas by 30.9% in the third quarter. Cetera Advisors LLC now owns 6,026 shares of the oil and gas producer’s stock worth $340,000 after purchasing an additional 1,421 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

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

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