National Fuel Gas (NFG) Raised to “Buy” at Sidoti

Sidoti upgraded shares of National Fuel Gas (NYSE:NFG) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Sidoti currently has $69.00 price target on the oil and gas producer’s stock.

A number of other research analysts have also recently issued reports on NFG. Jefferies Group reissued a hold rating and issued a $58.00 price objective on shares of National Fuel Gas in a research note on Wednesday, December 20th. Scotiabank set a $61.00 target price on shares of National Fuel Gas and gave the company a hold rating in a research report on Saturday, November 25th. TheStreet lowered shares of National Fuel Gas from a b- rating to a c rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research lowered shares of National Fuel Gas from a hold rating to a sell rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $62.67.

Shares of National Fuel Gas (NFG) traded up $0.16 on Tuesday, hitting $56.51. 637,400 shares of the stock traded hands, compared to its average volume of 584,967. National Fuel Gas has a 12 month low of $53.03 and a 12 month high of $61.25. The company has a market capitalization of $4,810.00, a PE ratio of 17.12, a PEG ratio of 6.27 and a beta of 0.94. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.27 and a quick ratio of 1.16.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $286.94 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. sell-side analysts forecast that National Fuel Gas will post 2.9 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.415 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.66 dividend on an annualized basis and a yield of 2.94%. National Fuel Gas’s dividend payout ratio is currently 50.30%.

Several large investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in shares of National Fuel Gas during the third quarter worth $366,000. GSA Capital Partners LLP bought a new stake in National Fuel Gas in the third quarter valued at $770,000. Tortoise Capital Advisors L.L.C. increased 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 valued at $46,918,000 after purchasing an additional 50,137 shares in the last quarter. Cetera Investment Advisers increased 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 valued at $862,000 after purchasing an additional 10,615 shares in the last quarter. Finally, Cetera Advisors LLC increased 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 valued at $340,000 after purchasing an additional 1,421 shares in the last quarter. Institutional investors own 71.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “National Fuel Gas (NFG) Raised to “Buy” at Sidoti” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://sportsperspectives.com/2018/01/05/national-fuel-gas-nfg-raised-to-buy-at-sidoti.html.

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.

Receive News & Ratings for National Fuel Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply