Brokerages expect National Fuel Gas Co. (NYSE:NFG) to post sales of $363.37 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for National Fuel Gas’ earnings. The lowest sales estimate is $333.40 million and the highest is $393.33 million. National Fuel Gas reported sales of $348.37 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that National Fuel Gas will report full-year sales of $1.62 billion for the current year, with estimates ranging from $1.59 billion to $1.65 billion. For the next year, analysts expect that the company will post sales of $1.75 billion per share, with estimates ranging from $1.55 billion to $1.94 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last released its earnings results on Thursday, August 2nd. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $342.90 million during the quarter, compared to analyst estimates of $380.47 million. National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. National Fuel Gas’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Friday, August 31st. TheStreet raised National Fuel Gas from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, US Capital Advisors reaffirmed an “overweight” rating on shares of National Fuel Gas in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. National Fuel Gas presently has an average rating of “Hold” and a consensus price target of $61.00.
In other National Fuel Gas news, insider Ronald C. Kraemer sold 3,054 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $55.47, for a total transaction of $169,405.38. Following the completion of the transaction, the insider now directly owns 34,427 shares of the company’s stock, valued at $1,909,665.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Paula M. Ciprich sold 4,639 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $52.77, for a total value of $244,800.03. Following the transaction, the senior vice president now directly owns 66,681 shares of the company’s stock, valued at $3,518,756.37. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Hong Kong Ltd boosted its holdings in shares of National Fuel Gas by 1,961.5% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,247 shares of the oil and gas producer’s stock worth $116,000 after acquiring an additional 2,138 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of National Fuel Gas in the second quarter worth $137,000. Captrust Financial Advisors boosted its holdings in shares of National Fuel Gas by 49.0% in the second quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock worth $161,000 after acquiring an additional 993 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of National Fuel Gas by 41.2% in the first quarter. Meeder Asset Management Inc. now owns 3,831 shares of the oil and gas producer’s stock worth $197,000 after acquiring an additional 1,117 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in shares of National Fuel Gas in the second quarter worth $205,000. 71.06% of the stock is owned by institutional investors and hedge funds.
Shares of NFG stock traded down $0.43 during trading on Friday, hitting $55.03. The company’s stock had a trading volume of 495,500 shares, compared to its average volume of 462,602. The firm has a market cap of $4.79 billion, a PE ratio of 16.65, a P/E/G ratio of 3.42 and a beta of 0.83. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.95. National Fuel Gas has a 52 week low of $48.31 and a 52 week high of $59.90.
National Fuel Gas Company Profile
National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.
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