National Fuel Gas (NYSE:NFG) Updates FY19 Earnings Guidance

National Fuel Gas (NYSE:NFG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.35-3.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.44.

Shares of National Fuel Gas stock traded up $0.58 on Friday, reaching $54.15. The company had a trading volume of 517,965 shares, compared to its average volume of 739,947. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 3.22 and a beta of 0.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.07 and a current ratio of 1.24. National Fuel Gas has a 1 year low of $48.31 and a 1 year high of $59.90.

National Fuel Gas (NYSE:NFG) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.05). National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. The business had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $316.56 million. During the same quarter in the previous year, the firm earned $0.53 EPS. National Fuel Gas’s revenue was up .8% compared to the same quarter last year. Sell-side analysts predict that National Fuel Gas will post 3.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, September 27th. National Fuel Gas’s payout ratio is currently 50.90%.

A number of research firms recently issued reports on NFG. TheStreet cut National Fuel Gas from a b rating to a c+ rating in a report on Friday, November 2nd. Zacks Investment Research cut National Fuel Gas from a buy rating to a hold rating in a report on Tuesday, September 18th. ValuEngine cut National Fuel Gas from a hold rating to a sell rating in a report on Friday, November 2nd. Finally, US Capital Advisors restated an overweight rating on shares of National Fuel Gas in a report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. National Fuel Gas has an average rating of Hold and an average price target of $61.60.

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National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California 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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