Zacks: Brokerages Anticipate National Fuel Gas Co. (NYSE:NFG) Will Post Earnings of $0.53 Per Share

Analysts forecast that National Fuel Gas Co. (NYSE:NFG) will post earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for National Fuel Gas’ earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.45. National Fuel Gas posted earnings per share of $0.49 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The firm is expected to announce its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that National Fuel Gas will report full-year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.25 to $3.54. For the next fiscal year, analysts anticipate that the business will report earnings of $3.21 per share, with EPS estimates ranging from $2.87 to $3.61. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for National Fuel Gas.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.53%. The business had revenue of $357.20 million for the quarter, compared to analyst estimates of $400.88 million. During the same quarter in the previous year, the firm posted $0.73 earnings per share. National Fuel Gas’s revenue was up 4.2% compared to the same quarter last year.

A number of research firms have weighed in on NFG. ValuEngine downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. TheStreet downgraded shares of National Fuel Gas from a “b” rating to a “c+” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded shares of National Fuel Gas from a “strong sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Thursday, August 8th.

NFG traded up $0.45 during trading on Friday, reaching $47.04. 838,000 shares of the company’s stock were exchanged, compared to its average volume of 1,113,830. National Fuel Gas has a fifty-two week low of $45.79 and a fifty-two week high of $61.71. The company has a quick ratio of 0.88, a current ratio of 1.02 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $49.79 and a 200 day moving average price of $56.00. The company has a market capitalization of $4.01 billion, a P/E ratio of 14.08, a PEG ratio of 4.69 and a beta of 0.80.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of National Fuel Gas by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 476,116 shares of the oil and gas producer’s stock valued at $24,367,000 after buying an additional 25,135 shares during the period. Geode Capital Management LLC grew its holdings in National Fuel Gas by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 875,797 shares of the oil and gas producer’s stock valued at $44,823,000 after purchasing an additional 31,628 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in National Fuel Gas by 20.5% during the 1st quarter. State of Alaska Department of Revenue now owns 10,395 shares of the oil and gas producer’s stock valued at $632,000 after purchasing an additional 1,771 shares in the last quarter. Pennsylvania Trust Co grew its holdings in National Fuel Gas by 30.4% during the 1st quarter. Pennsylvania Trust Co now owns 9,341 shares of the oil and gas producer’s stock valued at $1,758,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in National Fuel Gas during the 1st quarter valued at $630,000. Institutional investors own 73.61% of the company’s stock.

National Fuel Gas Company Profile

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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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