Analysts Anticipate National Fuel Gas Co. (NYSE:NFG) to Post $0.51 EPS

Equities analysts expect National Fuel Gas Co. (NYSE:NFG) to post earnings of $0.51 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for National Fuel Gas’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.48. National Fuel Gas posted earnings per share of $0.71 in the same quarter last year, which would suggest a negative year-over-year growth rate of 28.2%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 6th.

On average, analysts expect that National Fuel Gas will report full year earnings of $2.84 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.90. For the next year, analysts expect that the company will post earnings of $3.11 per share, with EPS estimates ranging from $2.78 to $3.31. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover National Fuel Gas.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas producer reported $0.97 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.97. National Fuel Gas had a return on equity of 13.13% and a net margin of 5.77%. The business had revenue of $491.10 million for the quarter, compared to analysts’ expectations of $573.72 million. During the same period last year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was down 11.1% on a year-over-year basis.

NFG has been the topic of several research reports. Raymond James raised National Fuel Gas from a “market perform” rating to an “outperform” rating and set a $48.00 target price on the stock in a report on Thursday, May 7th. Scotiabank raised National Fuel Gas from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $40.00 to $44.00 in a report on Wednesday, May 6th. Citigroup reduced their target price on National Fuel Gas from $49.00 to $43.00 and set a “neutral” rating on the stock in a report on Tuesday, April 28th. Finally, Zacks Investment Research raised National Fuel Gas from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, April 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. National Fuel Gas currently has an average rating of “Buy” and a consensus price target of $46.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its position in shares of National Fuel Gas by 0.5% during the fourth quarter. Texas Permanent School Fund now owns 59,047 shares of the oil and gas producer’s stock valued at $2,748,000 after buying an additional 298 shares during the period. State of Michigan Retirement System boosted its position in shares of National Fuel Gas by 1.2% during the fourth quarter. State of Michigan Retirement System now owns 25,380 shares of the oil and gas producer’s stock valued at $1,181,000 after buying an additional 300 shares during the period. Comerica Bank boosted its position in shares of National Fuel Gas by 0.6% during the fourth quarter. Comerica Bank now owns 56,481 shares of the oil and gas producer’s stock valued at $2,373,000 after buying an additional 358 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of National Fuel Gas by 1.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,568 shares of the oil and gas producer’s stock valued at $1,289,000 after buying an additional 388 shares during the period. Finally, Smith Moore & CO. boosted its position in shares of National Fuel Gas by 2.6% during the fourth quarter. Smith Moore & CO. now owns 18,155 shares of the oil and gas producer’s stock valued at $845,000 after buying an additional 452 shares during the period. Institutional investors own 75.07% of the company’s stock.

Shares of NFG stock opened at $41.91 on Monday. National Fuel Gas has a 12-month low of $31.58 and a 12-month high of $57.24. The company has a current ratio of 0.85, a quick ratio of 0.75 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average price is $40.11 and its 200-day moving average price is $42.37. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 12.93 and a beta of 0.65.

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

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