National Fuel Gas (NYSE:NFG) Announces Quarterly Earnings Results

National Fuel Gas (NYSE:NFG) posted its quarterly earnings data on Wednesday. The oil and gas producer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.38, Briefing.com reports. National Fuel Gas had a return on equity of 15.41% and a net margin of 23.84%. The business had revenue of $629.94 million during the quarter, compared to analysts’ expectations of $767.33 million. During the same period in the previous year, the business earned $1.54 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. National Fuel Gas updated its FY24 guidance to $4.90-5.20 EPS and its FY 2024 guidance to 4.750-5.050 EPS.

National Fuel Gas Price Performance

Shares of NYSE NFG traded up $0.11 during mid-day trading on Friday, reaching $54.87. The company’s stock had a trading volume of 442,675 shares, compared to its average volume of 578,482. The stock has a market capitalization of $5.06 billion, a P/E ratio of 10.86 and a beta of 0.63. National Fuel Gas has a 1-year low of $45.32 and a 1-year high of $55.99. The stock has a 50-day moving average of $52.17 and a two-hundred day moving average of $50.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.47 and a current ratio of 0.56.

National Fuel Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, March 27th. National Fuel Gas’s payout ratio is 39.29%.

Analyst Ratings Changes

A number of research firms have weighed in on NFG. StockNews.com upgraded shares of National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Scotiabank upped their price target on shares of National Fuel Gas from $67.00 to $72.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th.

About National Fuel Gas

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.