Wall Street brokerages expect National Fuel Gas Co. (NYSE:NFG) to announce $0.51 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for National Fuel Gas’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.55. National Fuel Gas reported earnings of $0.71 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 28.2%. The business is expected to announce its next quarterly earnings report on Thursday, August 6th.
On average, analysts expect that National Fuel Gas will report full-year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.75 to $2.90. For the next financial year, analysts forecast that the firm will report earnings of $3.11 per share, with EPS estimates ranging from $2.78 to $3.31. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow National Fuel Gas.
National Fuel Gas (NYSE:NFG) last released its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. National Fuel Gas had a return on equity of 13.13% and a net margin of 5.77%. The firm had revenue of $491.10 million during the quarter, compared to the consensus estimate of $573.72 million. During the same quarter in the prior year, the firm posted $1.07 EPS. The business’s revenue was down 11.1% on a year-over-year basis.
A number of equities research analysts have recently issued reports on the company. Raymond James upgraded National Fuel Gas from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Thursday, May 7th. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, April 27th. Citigroup dropped their price target on National Fuel Gas from $49.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Finally, Scotiabank upgraded National Fuel Gas from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $40.00 to $44.00 in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $46.20.
Shares of National Fuel Gas stock opened at $41.91 on Monday. National Fuel Gas has a 12-month low of $31.58 and a 12-month high of $57.24. The stock has a market cap of $3.62 billion, a P/E ratio of 12.93 and a beta of 0.65. The company has a quick ratio of 0.75, a current ratio of 0.85 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $40.11 and its 200-day moving average is $42.37.
A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its position in National Fuel Gas by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 123,714 shares of the oil and gas producer’s stock worth $4,613,000 after buying an additional 2,528 shares during the period. HighTower Advisors LLC increased its position in National Fuel Gas by 6.8% during the 1st quarter. HighTower Advisors LLC now owns 10,836 shares of the oil and gas producer’s stock worth $402,000 after buying an additional 690 shares during the period. APG Asset Management N.V. bought a new position in National Fuel Gas during the 1st quarter worth $9,224,000. Advisor Group Holdings Inc. bought a new position in National Fuel Gas during the 1st quarter worth $966,000. Finally, Jane Street Group LLC bought a new position in National Fuel Gas during the 1st quarter worth $790,000. Hedge funds and other institutional investors own 75.07% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. 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.
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