National Fuel Gas (NYSE:NFG) Releases FY 2022 Earnings Guidance

National Fuel Gas (NYSE:NFG) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.050-$5.450 for the period, compared to the Thomson Reuters consensus estimate of $5.210. The company issued revenue guidance of -.

Several equities research analysts have weighed in on the company. Raymond James increased their target price on National Fuel Gas from $62.00 to $69.00 and gave the stock an outperform rating in a research report on Tuesday, October 26th. Zacks Investment Research raised National Fuel Gas from a hold rating to a strong-buy rating and set a $67.00 price target on the stock in a report on Thursday, October 28th.

Shares of NFG traded up $0.51 during trading hours on Thursday, reaching $61.87. 253,326 shares of the company’s stock traded hands, compared to its average volume of 383,862. The business’s fifty day simple moving average is $57.12 and its two-hundred day simple moving average is $53.89. National Fuel Gas has a twelve month low of $39.80 and a twelve month high of $62.00. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.58 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.42 and a quick ratio of 0.35.

National Fuel Gas (NYSE:NFG) last announced its earnings results on Thursday, November 4th. The oil and gas producer reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.20. National Fuel Gas had a return on equity of 19.80% and a net margin of 20.87%. The business had revenue of $355.99 million during the quarter, compared to analysts’ expectations of $425.49 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities research analysts expect that National Fuel Gas will post 5.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 15th. Investors of record on Thursday, September 30th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Wednesday, September 29th. This represents a $1.82 annualized dividend and a yield of 2.94%. National Fuel Gas’s dividend payout ratio is currently 45.84%.

In related news, CEO David P. Bauer purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 23rd. The stock was acquired at an average price of $51.36 per share, for a total transaction of $154,080.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.73% of the company’s stock.

A hedge fund recently bought a new stake in National Fuel Gas stock. Jane Street Group LLC purchased a new stake in National Fuel Gas (NYSE:NFG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,178 shares of the oil and gas producer’s stock, valued at approximately $272,000. Hedge funds and other institutional investors own 71.60% of the company’s stock.

About National Fuel Gas

National Fuel Gas Co is a holding company, which engages in the production, gathering, transportation, distribution, and marketing of natural gas. It operates through the following segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment handles the exploration for and the development of natural gas and oil reserves 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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