National Fuel Gas (NFG) Upgraded by Sidoti to “Buy”

Sidoti upgraded shares of National Fuel Gas (NYSE:NFG) from a neutral rating to a buy rating in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have $69.00 price objective on the oil and gas producer’s stock.

Several other equities analysts also recently commented on NFG. Jefferies Group restated a hold rating and issued a $54.00 price objective on shares of National Fuel Gas in a research report on Thursday, October 12th. Scotiabank restated a hold rating and issued a $60.00 price objective on shares of National Fuel Gas in a research report on Friday, November 3rd. TheStreet downgraded National Fuel Gas from a b- rating to a c rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded National Fuel Gas from a hold rating to a sell rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. National Fuel Gas has a consensus rating of Hold and a consensus target price of $62.67.

National Fuel Gas (NYSE NFG) opened at $56.08 on Tuesday. National Fuel Gas has a 52-week low of $53.03 and a 52-week high of $61.25. The company has a market capitalization of $4,810.00, a PE ratio of 16.99, 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 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. National Fuel Gas had a return on equity of 17.16% and a net margin of 17.94%. The business had revenue of $286.94 million for the quarter, compared to the consensus estimate of $325.81 million. During the same period in the previous year, the business earned $0.66 earnings per share. The business’s revenue was down 1.9% on a year-over-year basis. sell-side analysts predict that National Fuel Gas will post 2.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.415 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.66 annualized dividend and a dividend yield of 2.96%. National Fuel Gas’s payout ratio is 50.30%.

Several large investors have recently bought and sold shares of NFG. Vanguard Group Inc. lifted its position in shares of National Fuel Gas by 5.4% in the second quarter. Vanguard Group Inc. now owns 8,434,192 shares of the oil and gas producer’s stock worth $470,966,000 after buying an additional 428,370 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of National Fuel Gas by 81.4% in the second quarter. Goldman Sachs Group Inc. now owns 700,679 shares of the oil and gas producer’s stock worth $39,126,000 after buying an additional 314,397 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of National Fuel Gas by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 4,204,469 shares of the oil and gas producer’s stock worth $234,778,000 after buying an additional 222,965 shares in the last quarter. First Trust Advisors LP lifted its position in shares of National Fuel Gas by 300.3% in the third quarter. First Trust Advisors LP now owns 288,135 shares of the oil and gas producer’s stock worth $16,311,000 after buying an additional 216,153 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new stake in shares of National Fuel Gas in the third quarter worth about $11,079,000. 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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