National Fuel Gas (NYSE:NFG) Given “Assumes” Rating at Scotiabank

Scotiabank reissued their assumes rating on shares of National Fuel Gas (NYSE:NFGGet Rating) in a research note issued to investors on Monday morning, Benzinga reports.

NFG has been the subject of a number of other reports. StockNews.com started coverage on shares of National Fuel Gas in a research report on Thursday, March 31st. They set a hold rating for the company. The Goldman Sachs Group reduced their price target on shares of National Fuel Gas from $68.00 to $60.00 and set a neutral rating for the company in a research report on Tuesday, July 5th. Finally, Raymond James upped their target price on shares of National Fuel Gas from $76.00 to $86.00 in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $70.67.

National Fuel Gas Stock Performance

NFG stock traded up $0.37 during midday trading on Monday, reaching $71.56. 4,654 shares of the company’s stock traded hands, compared to its average volume of 572,284. The company has a 50-day moving average price of $68.59 and a two-hundred day moving average price of $66.71. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.31 and a current ratio of 0.33. National Fuel Gas has a 52 week low of $50.05 and a 52 week high of $75.97. The firm has a market capitalization of $6.54 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.78 and a beta of 0.67.

National Fuel Gas (NYSE:NFGGet Rating) last released its quarterly earnings results on Thursday, May 5th. The oil and gas producer reported $1.68 EPS for the quarter, meeting analysts’ consensus estimates of $1.68. The firm had revenue of $701.72 million during the quarter, compared to analyst estimates of $652.28 million. National Fuel Gas had a net margin of 23.67% and a return on equity of 23.85%. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. As a group, equities analysts anticipate that National Fuel Gas will post 5.79 EPS for the current year.

National Fuel Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.475 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This is a positive change from National Fuel Gas’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 2.66%. National Fuel Gas’s payout ratio is 36.89%.

Insider Buying and Selling

In other National Fuel Gas news, COO Ronald C. Kraemer sold 1,390 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $70.00, for a total transaction of $97,300.00. Following the completion of the sale, the chief operating officer now directly owns 45,995 shares in the company, valued at $3,219,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.92% of the stock is owned by company insiders.

Institutional Trading of National Fuel Gas

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc boosted its position in National Fuel Gas by 1,010.1% during the first quarter. AdvisorNet Financial Inc now owns 1,099 shares of the oil and gas producer’s stock valued at $76,000 after buying an additional 1,000 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of National Fuel Gas by 2.2% during the first quarter. Mutual of America Capital Management LLC now owns 83,385 shares of the oil and gas producer’s stock valued at $5,729,000 after acquiring an additional 1,831 shares during the last quarter. Foster & Motley Inc. raised its stake in shares of National Fuel Gas by 43.7% during the first quarter. Foster & Motley Inc. now owns 6,732 shares of the oil and gas producer’s stock valued at $462,000 after acquiring an additional 2,046 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its stake in shares of National Fuel Gas by 18.9% during the first quarter. Balasa Dinverno & Foltz LLC now owns 3,783 shares of the oil and gas producer’s stock valued at $260,000 after acquiring an additional 601 shares during the last quarter. Finally, State Street Corp raised its stake in shares of National Fuel Gas by 0.9% during the fourth quarter. State Street Corp now owns 6,045,884 shares of the oil and gas producer’s stock valued at $389,278,000 after acquiring an additional 56,298 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

About National Fuel Gas

(Get Rating)

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. 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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