Argus restated their hold rating on shares of National Fuel Gas Co. (NYSE:NFG) in a research note published on Thursday morning.
A number of other equities research analysts also recently issued reports on the stock. Jefferies Group raised shares of National Fuel Gas from a hold rating to a buy rating and boosted their price target for the company from $60.00 to $67.00 in a research note on Thursday. Barclays PLC boosted their price target on shares of National Fuel Gas from $47.00 to $61.00 and gave the company an equal weight rating in a research note on Wednesday, August 10th. Finally, Zacks Investment Research downgraded shares of National Fuel Gas from a buy rating to a hold rating in a research note on Thursday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $61.83.
National Fuel Gas (NYSE:NFG) traded up 0.63% during midday trading on Thursday, hitting $54.06. 66,497 shares of the stock traded hands. The stock’s market cap is $4.59 billion. The company has a 50-day moving average price of $55.71 and a 200 day moving average price of $54.99. National Fuel Gas has a one year low of $37.03 and a one year high of $59.62.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $335.60 million for the quarter, compared to the consensus estimate of $384.26 million. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Equities research analysts anticipate that National Fuel Gas will post $2.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, September 28th. National Fuel Gas’s dividend payout ratio is presently -26.60%.
In other National Fuel Gas news, Director Philip C. Ackerman sold 105,929 shares of the stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $55.09, for a total value of $5,835,628.61. Following the sale, the director now directly owns 477,765 shares of the company’s stock, valued at approximately $26,320,073.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO John R. Pustulka sold 12,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $58.58, for a total transaction of $702,960.00. Following the completion of the sale, the chief operating officer now directly owns 65,077 shares in the company, valued at $3,812,210.66. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Hennessy Advisors Inc. increased its stake in shares of National Fuel Gas by 11.9% in the third quarter. Hennessy Advisors Inc. now owns 394,524 shares of the company’s stock worth $21,332,000 after buying an additional 42,100 shares in the last quarter. Capstone Asset Management Co. boosted its position in shares of National Fuel Gas by 2.6% in the third quarter. Capstone Asset Management Co. now owns 7,892 shares of the company’s stock valued at $427,000 after buying an additional 200 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of National Fuel Gas during the third quarter valued at about $422,000. Creative Planning boosted its position in shares of National Fuel Gas by 3.5% in the third quarter. Creative Planning now owns 17,047 shares of the company’s stock valued at $922,000 after buying an additional 584 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of National Fuel Gas during the second quarter valued at about $255,000. 62.45% of the stock is currently owned by institutional investors.
National Fuel Gas Company Profile