National Fuel Gas (NYSE:NFG) Issues Earnings Results

National Fuel Gas (NYSE:NFGGet Free Report) issued its quarterly earnings data on Thursday. The oil and gas producer reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.14, Briefing.com reports. The firm had revenue of $525.36 million during the quarter, compared to the consensus estimate of $664.57 million. National Fuel Gas had a return on equity of 14.81% and a net margin of 21.58%. The company’s quarterly revenue was down 20.3% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock opened at $47.68 on Friday. National Fuel Gas has a one year low of $45.32 and a one year high of $59.28. The company has a market cap of $4.39 billion, a PE ratio of 10.00, a P/E/G ratio of 1.39 and a beta of 0.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.41 and a current ratio of 0.56. The business has a 50-day simple moving average of $49.38 and a 200-day simple moving average of $51.47.

National Fuel Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Thursday, December 28th. National Fuel Gas’s dividend payout ratio is presently 41.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd.

Check Out Our Latest Report on NFG

Hedge Funds Weigh In On National Fuel Gas

Institutional investors and hedge funds have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of National Fuel Gas during the first quarter worth about $206,000. Private Capital Management LLC acquired a new position in shares of National Fuel Gas during the first quarter worth about $202,000. State of Wyoming grew its position in shares of National Fuel Gas by 147.1% during the second quarter. State of Wyoming now owns 3,526 shares of the oil and gas producer’s stock worth $181,000 after buying an additional 2,099 shares in the last quarter. Atlas Capital Advisors LLC grew its position in shares of National Fuel Gas by 574.1% during the second quarter. Atlas Capital Advisors LLC now owns 1,928 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 1,642 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in National Fuel Gas during the fourth quarter worth approximately $95,000. 73.70% of the stock is owned by institutional investors and hedge funds.

National Fuel Gas Company Profile

(Get Free Report)

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.

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Earnings History for National Fuel Gas (NYSE:NFG)

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