National Fuel Gas - NFG Stock Forecast, Price & News

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 in California and in the Appalachian region of the United States. As of September 30, 2021, it had proved developed and undeveloped reserves of 21,537 thousand barrels of oil and 3,723,433 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State; and owns and operates the Empire Pipeline. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 753,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company markets gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2021, the company also owned approximately 95,000 acres of timber property; and managed approximately 2,500 additional acres of timber cutting rights. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NFG shares. Scotiabank reissued an "assumes" rating on shares of National Fuel Gas in a research note on Monday, July 25th. The Goldman Sachs Group lowered their target price on National Fuel Gas from $68.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, July 5th. Finally, Raymond James raised their target price on National Fuel Gas from $76.00 to $86.00 in a report on Friday, June 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $70.67.

National Fuel Gas Price Performance

Shares of NYSE:NFG opened at $71.23 on Friday. National Fuel Gas has a 1-year low of $50.05 and a 1-year high of $75.97. The firm has a market capitalization of $6.51 billion, a PE ratio of 13.24, a PEG ratio of 0.81 and a beta of 0.68. The business's 50 day moving average is $68.60 and its 200-day moving average is $67.14. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of 1.12.

National Fuel Gas (NYSE:NFG - Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The oil and gas producer reported $1.68 earnings per share for the quarter, hitting the consensus estimate of $1.68. National Fuel Gas had a return on equity of 27.06% and a net margin of 23.49%. The company had revenue of $701.72 million for the quarter, compared to analyst estimates of $652.28 million. During the same quarter last year, the firm earned $1.34 EPS. National Fuel Gas's revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts predict that National Fuel Gas will post 5.79 earnings per share for the current year.

National Fuel Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.475 dividend. This is a positive change from National Fuel Gas's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $1.90 annualized dividend and a yield of 2.67%. National Fuel Gas's payout ratio is currently 35.32%.

Insider Activity at National Fuel Gas

In related news, COO Ronald C. Kraemer sold 1,390 shares of the business's stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $70.00, for a total value of $97,300.00. Following the sale, the chief operating officer now owns 45,995 shares of the company's stock, valued at approximately $3,219,650. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is owned by insiders.