National Fuel Gas Company (NYSE:NFG) has been assigned a $60.00 price objective by equities research analysts at Scotiabank in a research report issued on Tuesday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Scotiabank’s target price would indicate a potential upside of 3.90% from the company’s previous close.
A number of other brokerages have also recently weighed in on NFG. Jefferies Group LLC reissued a “hold” rating and set a $52.00 target price on shares of National Fuel Gas in a report on Friday, July 14th. TheStreet raised shares of National Fuel Gas from a “c+” rating to a “b” rating in a report on Friday, June 16th. ValuEngine cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Six equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $59.00.
Shares of National Fuel Gas (NYSE:NFG) opened at 57.75 on Tuesday. National Fuel Gas has a one year low of $50.61 and a one year high of $61.25. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.99 and a beta of 0.97. The stock’s 50 day moving average is $57.96 and its 200-day moving average is $57.76.
National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The firm had revenue of $348.37 million for the quarter, compared to analysts’ expectations of $373.86 million. National Fuel Gas had a net margin of 17.38% and a return on equity of 18.31%. During the same period in the prior year, the company posted $0.68 earnings per share. On average, equities research analysts predict that National Fuel Gas will post $3.30 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “National Fuel Gas Company (NFG) PT Set at $60.00 by Scotiabank” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2017/08/23/national-fuel-gas-company-nfg-pt-set-at-60-00-by-scotiabank.html.
Several hedge funds have recently modified their holdings of NFG. Canada Pension Plan Investment Board boosted its stake in shares of National Fuel Gas by 54.9% in the first quarter. Canada Pension Plan Investment Board now owns 31,152 shares of the oil and gas producer’s stock worth $1,857,000 after buying an additional 11,042 shares during the period. BB&T Corp boosted its stake in shares of National Fuel Gas by 412.8% in the first quarter. BB&T Corp now owns 18,208 shares of the oil and gas producer’s stock worth $1,086,000 after buying an additional 14,657 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of National Fuel Gas by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,721 shares of the oil and gas producer’s stock worth $1,772,000 after buying an additional 400 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of National Fuel Gas during the first quarter worth $1,008,000. Finally, Hennessy Advisors Inc. boosted its stake in shares of National Fuel Gas by 2.2% in the first quarter. Hennessy Advisors Inc. now owns 381,724 shares of the oil and gas producer’s stock worth $22,758,000 after buying an additional 8,200 shares during the period. 69.37% of the stock is currently owned by institutional investors.
National Fuel Gas Company Profile
National Fuel Gas Company is a holding company. The Company is an energy company engaged principally in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates in five business segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing.
Receive News & Ratings for National Fuel Gas Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas Company and related companies with MarketBeat.com's FREE daily email newsletter.
