National Fuel Gas (NFG) Stock Rating Lowered by ValuEngine

National Fuel Gas (NYSE:NFG) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also recently weighed in on NFG. US Capital Advisors restated an “overweight” rating on shares of National Fuel Gas in a research report on Tuesday, July 17th. Zacks Investment Research upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, TheStreet upgraded shares of National Fuel Gas from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. National Fuel Gas presently has a consensus rating of “Hold” and a consensus price target of $61.60.

NYSE:NFG opened at $51.18 on Friday. National Fuel Gas has a 1 year low of $48.31 and a 1 year high of $59.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.89 and a quick ratio of 0.81. The company has a market capitalization of $4.40 billion, a PE ratio of 15.32, a PEG ratio of 3.08 and a beta of 0.75.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). National Fuel Gas had a return on equity of 15.77% and a net margin of 25.09%. The company had revenue of $289.20 million during the quarter, compared to the consensus estimate of $316.56 million. During the same quarter last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that National Fuel Gas will post 3.52 EPS for the current year.

In related news, insider Ronald C. Kraemer sold 3,054 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $55.47, for a total value of $169,405.38. Following the completion of the transaction, the insider now owns 34,427 shares in the company, valued at approximately $1,909,665.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.57% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of National Fuel Gas by 1.6% during the 2nd quarter. BlackRock Inc. now owns 7,291,707 shares of the oil and gas producer’s stock valued at $386,169,000 after acquiring an additional 111,495 shares during the last quarter. Northern Trust Corp raised its position in shares of National Fuel Gas by 7.9% during the 2nd quarter. Northern Trust Corp now owns 760,261 shares of the oil and gas producer’s stock valued at $40,263,000 after acquiring an additional 55,481 shares during the last quarter. Bank of America Corp DE raised its position in shares of National Fuel Gas by 76.9% during the 2nd quarter. Bank of America Corp DE now owns 666,903 shares of the oil and gas producer’s stock valued at $35,319,000 after acquiring an additional 289,998 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of National Fuel Gas by 39.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 517,145 shares of the oil and gas producer’s stock valued at $27,388,000 after acquiring an additional 145,743 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of National Fuel Gas by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 445,377 shares of the oil and gas producer’s stock valued at $23,587,000 after acquiring an additional 9,863 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. The company operates in 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 reserves in California in the Appalachian region of the United States.

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