National Fuel Gas Co. (NYSE:NFG) – Research analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of National Fuel Gas in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi expects that the firm will earn $0.92 per share for the quarter. Jefferies Group has a “Buy” rating and a $67.00 price objective on the stock. Jefferies Group also issued estimates for National Fuel Gas’ FY2017 earnings at $3.08 EPS, FY2018 earnings at $3.88 EPS and FY2019 earnings at $4.18 EPS.
National Fuel Gas (NYSE:NFG) last announced its earnings results on Friday, August 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The company earned $335.60 million during the quarter, compared to analyst estimates of $384.26 million. National Fuel Gas had a negative net margin of 35.33% and a positive return on equity of 13.87%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share.
Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of National Fuel Gas from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Tuesday, July 5th. Barclays PLC increased their price target on shares of National Fuel Gas from $47.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 10th. Finally, Argus reissued a “hold” rating on shares of National Fuel Gas in a research report on Thursday, October 13th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $61.83.
Shares of National Fuel Gas (NYSE:NFG) opened at 52.93 on Monday. National Fuel Gas has a 12 month low of $37.03 and a 12 month high of $59.62. The company’s 50-day moving average is $55.32 and its 200 day moving average is $55.13. The company’s market capitalization is $4.50 billion.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Wednesday, September 28th. National Fuel Gas’s payout ratio is currently -26.60%.
In related news, COO John R. Pustulka sold 12,000 shares of the stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $58.58, for a total value of $702,960.00. Following the transaction, the chief operating officer now owns 65,077 shares in the company, valued at approximately $3,812,210.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David F. Smith sold 48,983 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $56.64, for a total transaction of $2,774,397.12. Following the completion of the transaction, the director now owns 214,507 shares in the company, valued at approximately $12,149,676.48. The disclosure for this sale can be found here. 3.25% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of NFG. Aperio Group LLC increased its position in shares of National Fuel Gas by 1.1% in the first quarter. Aperio Group LLC now owns 24,640 shares of the company’s stock valued at $1,233,000 after buying an additional 258 shares during the period. Virginia Retirement System acquired a new position in shares of National Fuel Gas during the first quarter valued at $485,000. TIAA CREF Investment Management LLC increased its position in shares of National Fuel Gas by 12.7% in the first quarter. TIAA CREF Investment Management LLC now owns 189,828 shares of the company’s stock valued at $9,501,000 after buying an additional 21,438 shares during the period. Teachers Advisors Inc. increased its position in shares of National Fuel Gas by 7.8% in the first quarter. Teachers Advisors Inc. now owns 226,060 shares of the company’s stock valued at $11,314,000 after buying an additional 16,385 shares during the period. Finally, BlackRock Inc. increased its position in shares of National Fuel Gas by 34.7% in the first quarter. BlackRock Inc. now owns 145,763 shares of the company’s stock valued at $7,296,000 after buying an additional 37,517 shares during the period. Institutional investors own 62.41% of the company’s stock.
About National Fuel Gas
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc The Company operates an integrated business, with assets centered in western New York and Pennsylvania.
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