In yesterday’s Wall Street session, National Fuel Gas Company (NYSE:NFG) shares traded at $55.39, up 0.09% from the previous session.
As of this writing, 6 analysts cover National Fuel Gas Company (NYSE:NFG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $87.00 and a low of $59.00, we find $68.00. Given the previous closing price of $55.34, this indicates a potential upside of 22.88 percent. NFG stock price is now -6.00% away from the 50-day moving average and -15.10% away from the 200-day moving average. The market capitalization of the company currently stands at $5.23B.
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There are 4 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $69.80 as their price target over the next twelve months.
On January 17, 2023, Scotiabank Downgraded its previous ‘Sector Outperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $91 to quote $85, while ‘BofA Securities’ rates the stock as ‘Underperform’.
In other news, KRAEMER RONALD C, Chief Operating Officer sold 1,390 shares of the company’s stock on May 23. The stock was sold for $97,306 at an average price of $70.00. Upon completion of the transaction, the Chief Operating Officer now directly owns 45,995 shares in the company, valued at $2.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11, Director TANSKI RONALD J sold 42,555 shares of the business’s stock. A total of $2,976,743 was realized by selling the stock at an average price of $69.95. This leaves the insider owning 311,900 shares of the company worth $17.28 million. Insiders disposed of 127,540 shares of company stock worth roughly $7.06 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NFG stock. A new stake in National Fuel Gas Company shares was purchased by THOMPSON SIEGEL & WALMSLEY LLC during the first quarter worth $11,863,000. HSBC HOLDINGS PLC invested $9,709,000 in shares of NFG during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in National Fuel Gas Company valued at approximately $3,463,000. MCINTYRE FREEDMAN & FLYNN INVESTMENT ADVISERS INC acquired a new stake in NFG for approximately $3,417,000. CANADA PENSION PLAN INVESTMENT BOARD purchased a new stake in NFG valued at around $3,058,000 in the second quarter. In total, there are 595 active investors with 76.20% ownership of the company’s stock.
Monday morning saw National Fuel Gas Company (NYSE: NFG) opened at $54.70. During the past 12 months, National Fuel Gas Company has had a low of $55.06 and a high of $75.97. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for NFG is $58.93 and a two-hundred day moving average price translates $65.24 for the stock.
The latest earnings results from National Fuel Gas Company (NYSE: NFG) was released for Dec, 2022. According to the Oil & Gas Integrated Company, earnings per share came in at $1.84, beating analysts’ expectations of $1.75 by 0.09. This compares to $1.44 EPS in the same period last year. The net profit margin was 26.30% and return on equity was 28.40% for NFG. The company reported revenue of $658.86 million for the quarter, compared to $546.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.55 percent. For the current quarter, analysts expect NFG to generate $652.92M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $0.475 dividend. On an annualized basis, this represents a $1.90 dividend and a 3.43% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, NFG is presently at 21.30%.
National Fuel Gas Company(NFG) Company Profile
National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States. As of September 30, 2022, it had proved developed and undeveloped reserves of 4,170,662 MMcf of natural gas and 250 Mbbl of oil. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Utility segment sells natural gas or provides natural gas utility services to approximately 754,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
