Shares of National Fuel Gas Company (NYSE:NFG - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $84.66 and last traded at $84.51, with a volume of 448770 shares. The stock had previously closed at $83.75.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on NFG shares. JPMorgan Chase & Co. boosted their price target on shares of National Fuel Gas from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, March 13th. Bank of America boosted their target price on National Fuel Gas from $77.00 to $85.00 and gave the stock an "underperform" rating in a report on Friday, May 23rd. Finally, Wall Street Zen upgraded National Fuel Gas from a "hold" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.33.
Read Our Latest Report on National Fuel Gas
National Fuel Gas Stock Performance
The firm's fifty day moving average is $80.54 and its 200-day moving average is $73.28. The company has a current ratio of 0.47, a quick ratio of 0.43 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $7.72 billion, a PE ratio of 198.66, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62.
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 analysts' consensus estimates of $2.18 by $0.21. The company had revenue of $729.95 million during the quarter, compared to analysts' expectations of $770.81 million. National Fuel Gas had a return on equity of 18.55% and a net margin of 1.91%. National Fuel Gas's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business posted $1.79 EPS. As a group, research analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share for the current year.
National Fuel Gas Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.535 dividend. This is an increase from National Fuel Gas's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.51%. National Fuel Gas's payout ratio is 479.07%.
Institutional Trading of National Fuel Gas
Several hedge funds have recently modified their holdings of NFG. Victory Capital Management Inc. grew its position in shares of National Fuel Gas by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,584,155 shares of the oil and gas producer's stock worth $156,807,000 after buying an additional 85,950 shares in the last quarter. Geode Capital Management LLC lifted its stake in National Fuel Gas by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 2,199,787 shares of the oil and gas producer's stock worth $146,502,000 after acquiring an additional 117,351 shares during the last quarter. LSV Asset Management grew its holdings in National Fuel Gas by 29.6% during the 1st quarter. LSV Asset Management now owns 2,153,236 shares of the oil and gas producer's stock worth $170,515,000 after acquiring an additional 491,890 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of National Fuel Gas by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,495,867 shares of the oil and gas producer's stock valued at $118,458,000 after purchasing an additional 48,202 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of National Fuel Gas by 15.3% in the 1st quarter. Northern Trust Corp now owns 1,174,783 shares of the oil and gas producer's stock valued at $93,031,000 after purchasing an additional 155,711 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
National Fuel Gas Company Profile
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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.
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