National Fuel Gas Company (NYSE:NFG - Get Free Report)'s stock price was up 5.1% during mid-day trading on Tuesday . The company traded as high as $88.22 and last traded at $88.38. Approximately 159,277 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 566,942 shares. The stock had previously closed at $84.07.
Analyst Upgrades and Downgrades
Several research firms have issued reports on NFG. Scotiabank raised their price target on shares of 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. Wall Street Zen downgraded shares of National Fuel Gas from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Bank of America raised shares of National Fuel Gas from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $107.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $95.33.
View Our Latest Report on NFG
National Fuel Gas Stock Performance
The firm has a market capitalization of $8.04 billion, a P/E ratio of 207.10, a P/E/G ratio of 0.53 and a beta of 0.62. The stock's 50 day moving average is $83.26 and its two-hundred day moving average is $76.80. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.47 and a quick ratio of 0.43.
National Fuel Gas (NYSE:NFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The oil and gas producer reported $2.39 earnings per share for the quarter, beating the consensus estimate 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 net margin of 1.91% and a return on equity of 18.55%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.79 earnings per share. As a group, equities analysts anticipate that National Fuel Gas Company will post 6.64 earnings per share 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. Stockholders of record on Monday, June 30th were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.40%. 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 payout ratio is currently 497.67%.
Institutional Trading of National Fuel Gas
A number of institutional investors have recently made changes to their positions in the business. Old Port Advisors raised its position in National Fuel Gas by 0.7% during the second quarter. Old Port Advisors now owns 30,487 shares of the oil and gas producer's stock worth $2,583,000 after acquiring an additional 200 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in National Fuel Gas during the second quarter worth about $676,000. Fortitude Family Office LLC boosted its stake in shares of National Fuel Gas by 1,258.0% in the 2nd quarter. Fortitude Family Office LLC now owns 1,195 shares of the oil and gas producer's stock valued at $101,000 after purchasing an additional 1,107 shares in the last quarter. Cardinal Capital Management boosted its stake in shares of National Fuel Gas by 3.0% in the 2nd quarter. Cardinal Capital Management now owns 98,794 shares of the oil and gas producer's stock valued at $8,421,000 after purchasing an additional 2,909 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of National Fuel Gas by 11.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,857 shares of the oil and gas producer's stock valued at $157,000 after purchasing an additional 195 shares in the last quarter. Institutional investors own 73.96% of the company's stock.
About National Fuel Gas
(
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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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