National Fuel Gas Company Forecasted to Post FY2017 Earnings of $3.31 Per Share (NFG)

National Fuel Gas Company (NYSE:NFG) – Analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of National Fuel Gas in a research note issued on Monday. Jefferies Group analyst C. Sighinolfi now expects that the oil and gas producer will post earnings per share of $3.31 for the year, down from their previous estimate of $3.32. Jefferies Group has a “Hold” rating and a $54.00 price objective on the stock. Jefferies Group also issued estimates for National Fuel Gas’ Q4 2017 earnings at $0.54 EPS.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The company had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same quarter in the previous year, the company earned $0.68 EPS. TRADEMARK VIOLATION NOTICE: “National Fuel Gas Company Forecasted to Post FY2017 Earnings of $3.31 Per Share (NFG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/national-fuel-gas-company-forecasted-to-post-fy2017-earnings-of-3-31-per-share-nfg.html.

Several other research analysts have also recently commented on NFG. Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Sidoti initiated coverage on shares of National Fuel Gas in a research report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $59.67.

Shares of National Fuel Gas (NFG) traded down 0.16% during midday trading on Wednesday, reaching $57.53. The company’s stock had a trading volume of 9,110 shares. The stock has a 50 day moving average of $57.66 and a 200-day moving average of $57.11. National Fuel Gas has a 1-year low of $50.61 and a 1-year high of $61.25. The company has a market capitalization of $4.92 billion, a P/E ratio of 17.92 and a beta of 0.95.

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 34 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after acquiring an additional 445 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of National Fuel Gas in the second quarter valued at approximately $168,000. Fifth Third Bancorp boosted its holdings in shares of National Fuel Gas by 87.3% in the first quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of National Fuel Gas by 5.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock valued at $207,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently 51.71%.

About National Fuel Gas

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,

National Fuel Gas Company (NYSE:NFG) – Analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of National Fuel Gas in a research note issued on Monday. Jefferies Group analyst C. Sighinolfi now expects that the oil and gas producer will post earnings per share of $3.31 for the year, down from their previous estimate of $3.32. Jefferies Group has a “Hold” rating and a $54.00 price objective on the stock. Jefferies Group also issued estimates for National Fuel Gas’ Q4 2017 earnings at $0.54 EPS.

National Fuel Gas (NYSE:NFG) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.69 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.69. National Fuel Gas had a return on equity of 18.31% and a net margin of 17.38%. The company had revenue of $348.37 million for the quarter, compared to analyst estimates of $373.86 million. During the same quarter in the previous year, the company earned $0.68 EPS. TRADEMARK VIOLATION NOTICE: “National Fuel Gas Company Forecasted to Post FY2017 Earnings of $3.31 Per Share (NFG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/19/national-fuel-gas-company-forecasted-to-post-fy2017-earnings-of-3-31-per-share-nfg.html.

Several other research analysts have also recently commented on NFG. Scotiabank set a $58.00 target price on shares of National Fuel Gas and gave the stock a “hold” rating in a research report on Saturday, July 1st. BidaskClub cut shares of National Fuel Gas from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Sidoti initiated coverage on shares of National Fuel Gas in a research report on Thursday, October 12th. They issued a “neutral” rating and a $65.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, National Fuel Gas presently has an average rating of “Hold” and a consensus target price of $59.67.

Shares of National Fuel Gas (NFG) traded down 0.16% during midday trading on Wednesday, reaching $57.53. The company’s stock had a trading volume of 9,110 shares. The stock has a 50 day moving average of $57.66 and a 200-day moving average of $57.11. National Fuel Gas has a 1-year low of $50.61 and a 1-year high of $61.25. The company has a market capitalization of $4.92 billion, a P/E ratio of 17.92 and a beta of 0.95.

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of National Fuel Gas by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 34 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of National Fuel Gas by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the oil and gas producer’s stock valued at $161,000 after acquiring an additional 445 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of National Fuel Gas in the second quarter valued at approximately $168,000. Fifth Third Bancorp boosted its holdings in shares of National Fuel Gas by 87.3% in the first quarter. Fifth Third Bancorp now owns 2,841 shares of the oil and gas producer’s stock valued at $169,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its holdings in shares of National Fuel Gas by 5.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 3,700 shares of the oil and gas producer’s stock valued at $207,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.78% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, September 28th. National Fuel Gas’s dividend payout ratio (DPR) is presently 51.71%.

About National Fuel Gas

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.

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

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