National Fuel Gas Company (NYSE:NFG - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $89.82 and last traded at $88.86, with a volume of 1963738 shares changing hands. The stock had previously closed at $84.07.
Analyst Ratings Changes
A number of analysts recently commented on NFG shares. Bank of America raised National Fuel Gas from an "underperform" rating to a "buy" rating and increased their price objective for the company from $85.00 to $107.00 in a research note on Tuesday. Scotiabank increased their target price on National Fuel Gas from $88.00 to $98.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded National Fuel Gas from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, National Fuel Gas presently has a consensus rating of "Moderate Buy" and an average target price of $95.33.
Check Out Our Latest Analysis on NFG
National Fuel Gas Trading Up 0.7%
The company has a market capitalization of $8.01 billion, a PE ratio of 206.11, a P/E/G ratio of 0.53 and a beta of 0.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.43 and a current ratio of 0.47. The business has a fifty day moving average price of $83.26 and a 200 day moving average price of $76.80.
National Fuel Gas (NYSE:NFG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 EPS for the quarter, beating the consensus estimate of $2.18 by $0.21. The business had revenue of $729.95 million for the quarter, compared to the consensus estimate of $770.81 million. National Fuel Gas had a return on equity of 18.55% and a net margin of 1.91%. The company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. Analysts expect that National Fuel Gas Company will post 6.64 EPS for the current fiscal year.
National Fuel Gas Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.52. National Fuel Gas's dividend payout ratio (DPR) is 497.67%.
Institutional Investors Weigh In On National Fuel Gas
Hedge funds have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group acquired a new stake in National Fuel Gas during the 2nd quarter valued at approximately $30,000. Assetmark Inc. grew its position in shares of National Fuel Gas by 9,475.0% in the 1st quarter. Assetmark Inc. now owns 383 shares of the oil and gas producer's stock worth $30,000 after acquiring an additional 379 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of National Fuel Gas by 316.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 400 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 304 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of National Fuel Gas in the 1st quarter worth approximately $40,000. Finally, Cranbrook Wealth Management LLC acquired a new position in shares of National Fuel Gas in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 73.96% of the company's stock.
About National Fuel Gas
(
Get Free Report)
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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.
Read More
Before you consider National Fuel Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Fuel Gas wasn't on the list.
While National Fuel Gas currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
