National Fuel Gas (NYSE:NFG – Get Free Report) had its price objective reduced by investment analysts at KeyCorp from $95.00 to $91.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. KeyCorp‘s price objective suggests a potential upside of 21.74% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Weiss Ratings upgraded shares of National Fuel Gas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.00.
National Fuel Gas Stock Performance
Shares of NFG opened at $74.75 on Wednesday. The stock has a 50-day simple moving average of $79.35 and a 200-day simple moving average of $83.17. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.47 and a current ratio of 1.54. The stock has a market capitalization of $7.10 billion, a PE ratio of 10.62, a PEG ratio of 1.99 and a beta of 0.36. National Fuel Gas has a 1 year low of $73.01 and a 1 year high of $97.06.
National Fuel Gas (NYSE:NFG – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.18. National Fuel Gas had a return on equity of 17.95% and a net margin of 26.46%. The business had revenue of $467.85 million during the quarter, compared to the consensus estimate of $472.38 million. During the same period in the previous year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that National Fuel Gas will post 6.20 earnings per share for the current fiscal year.
Institutional Investors Weigh In On National Fuel Gas
Several hedge funds and other institutional investors have recently made changes to their positions in NFG. Heartland Advisors Inc. purchased a new position in National Fuel Gas in the third quarter valued at approximately $12,138,000. Private Advisor Group LLC lifted its position in shares of National Fuel Gas by 26.2% during the 3rd quarter. Private Advisor Group LLC now owns 11,811 shares of the oil and gas producer’s stock worth $896,000 after buying an additional 2,450 shares during the last quarter. Focus Advisor Solutions LLC lifted its position in shares of National Fuel Gas by 73.6% during the 3rd quarter. Focus Advisor Solutions LLC now owns 13,658 shares of the oil and gas producer’s stock worth $1,036,000 after buying an additional 5,792 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of National Fuel Gas by 5.7% during the 3rd quarter. Voya Investment Management LLC now owns 22,525 shares of the oil and gas producer’s stock worth $1,709,000 after buying an additional 1,210 shares during the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of National Fuel Gas by 237.4% in the 3rd quarter. Bogart Wealth LLC now owns 1,127 shares of the oil and gas producer’s stock valued at $86,000 after buying an additional 793 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company is a diversified natural gas business founded in 1902 and headquartered in Williamsville, New York. Its operations span natural gas production, gathering and transportation, storage, and local distribution. Through Seneca Resources, the company explores for and produces natural gas, primarily in the Appalachian region. Its pipeline and storage businesses gather, transport, and store natural gas, connecting production areas with markets and other pipeline systems. National Fuel Gas also distributes natural gas to homes and businesses in western New York and northwestern Pennsylvania.
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