Equities research analysts forecast that National Fuel Gas Co. (NYSE:NFG) will post sales of $409.28 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for National Fuel Gas’ earnings. The highest sales estimate is $442.06 million and the lowest is $376.50 million. National Fuel Gas posted sales of $342.91 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The business is expected to announce its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that National Fuel Gas will report full-year sales of $1.80 billion for the current financial year, with estimates ranging from $1.74 billion to $1.86 billion. For the next year, analysts forecast that the company will post sales of $2.04 billion, with estimates ranging from $2.03 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover National Fuel Gas.
National Fuel Gas (NYSE:NFG) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $1.07 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.08). The business had revenue of $552.54 million for the quarter, compared to analysts’ expectations of $602.15 million. National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 earnings per share.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its holdings in shares of National Fuel Gas by 7.7% in the 3rd quarter. Vanguard Group Inc now owns 8,478,951 shares of the oil and gas producer’s stock valued at $475,330,000 after buying an additional 607,091 shares during the period. LPL Financial LLC boosted its holdings in shares of National Fuel Gas by 13.7% in the 4th quarter. LPL Financial LLC now owns 23,549 shares of the oil and gas producer’s stock valued at $1,205,000 after buying an additional 2,842 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of National Fuel Gas by 51.1% in the 4th quarter. New York State Common Retirement Fund now owns 225,800 shares of the oil and gas producer’s stock valued at $11,556,000 after buying an additional 76,400 shares during the period. BlackRock Inc. boosted its holdings in shares of National Fuel Gas by 4.9% in the 4th quarter. BlackRock Inc. now owns 7,887,052 shares of the oil and gas producer’s stock valued at $403,661,000 after buying an additional 365,622 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of National Fuel Gas by 6.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 35,832 shares of the oil and gas producer’s stock valued at $1,833,000 after buying an additional 2,306 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.
NYSE:NFG traded down $0.40 during trading hours on Friday, reaching $53.14. The stock had a trading volume of 416,200 shares, compared to its average volume of 508,262. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $54.13. National Fuel Gas has a 12-month low of $49.60 and a 12-month high of $61.71. The firm has a market capitalization of $4.64 billion, a PE ratio of 15.91, a P/E/G ratio of 5.47 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.435 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, June 27th. National Fuel Gas’s dividend payout ratio (DPR) is currently 52.10%.
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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