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.
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.
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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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