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.

National Fuel Gas Stock Performance

Shares of NFG Stock opened at $71.23 on Monday. National Fuel Gas has a 12 month low of $50.05 and a 12 month high of $75.97. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.33 and a quick ratio of 0.31. The firm has a market capitalization of $6.51 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.81 and a beta of 0.68. The company's fifty day moving average price is $68.60 and its two-hundred day moving average price is $67.19.

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

National Fuel Gas Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank restated an "assumes" rating on shares of National Fuel Gas in a report on Monday, July 25th. The Goldman Sachs Group reduced their target price on shares of 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 lifted their target price on shares of National Fuel Gas from $76.00 to $86.00 in a report on Friday, June 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $70.67.

Insiders Place Their Bets

In other news, COO Ronald C. Kraemer sold 1,390 shares of the company's stock in a transaction dated Monday, May 23rd. The shares were 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 in the company, valued at approximately $3,219,650. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.73% of the stock is currently owned by company insiders.