National Fuel Gas (NYSE:NFG) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $3.40-3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.40. National Fuel Gas also updated its FY20 guidance to $3.25-3.55 EPS.
Several research firms recently commented on NFG. TheStreet lowered shares of National Fuel Gas from a b rating to a c+ rating in a research note on Friday, July 19th. ValuEngine downgraded shares of National Fuel Gas from a hold rating to a sell rating in a research report on Thursday, July 18th. Finally, Zacks Investment Research downgraded shares of National Fuel Gas from a hold rating to a strong sell rating and set a $51.00 price target for the company. in a research report on Monday, July 22nd.
Shares of NYSE:NFG traded up $1.99 during mid-day trading on Friday, hitting $48.86. The stock had a trading volume of 1,628,390 shares, compared to its average volume of 855,547. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $4.22 billion, a P/E ratio of 14.63, a PEG ratio of 5.10 and a beta of 0.80. National Fuel Gas has a 12-month low of $45.79 and a 12-month high of $61.71. The firm’s 50 day simple moving average is $51.60.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Thursday, June 27th. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. National Fuel Gas’s dividend payout ratio is 52.10%.
About National Fuel Gas
National Fuel Gas Company operates as a diversified energy company. It operates through 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 in California and in the Appalachian region of the United States.
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