National Fuel Gas (NFG) Expected to Announce Quarterly Earnings on Wednesday

National Fuel Gas (NYSE:NFG) is anticipated to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.44 per share and revenue of $595,758.89 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

National Fuel Gas Price Performance

Shares of National Fuel Gas stock opened at $69.49 on Monday. The company’s fifty day simple moving average is $62.85 and its two-hundred day simple moving average is $60.82. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $70.12. The firm has a market cap of $6.31 billion, a PE ratio of 85.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.64. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.515 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.06 annualized dividend and a dividend yield of 2.96%. National Fuel Gas’s payout ratio is presently 254.32%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFG. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, January 13th. Bank of America began coverage on shares of National Fuel Gas in a report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Argus raised shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.00.

Insider Buying and Selling

In other news, insider Justin I. Loweth sold 19,532 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $62.27, for a total value of $1,216,257.64. Following the transaction, the insider now owns 41,841 shares in the company, valued at approximately $2,605,439.07. This represents a 31.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Donna L. Decarolis sold 10,000 shares of National Fuel Gas stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $62.58, for a total value of $625,800.00. Following the completion of the sale, the insider now directly owns 81,519 shares of the company’s stock, valued at approximately $5,101,459.02. The trade was a 10.93 % decrease in their position. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.

National Fuel Gas Company Profile

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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.