National Fuel Gas (NYSE:NFG) Updates FY20 Earnings Guidance

National Fuel Gas (NYSE:NFG) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $3.25-3.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.13. National Fuel Gas also updated its FY19 guidance to $3.40-3.50 EPS.

Several equities analysts have recently commented on the company. TheStreet lowered National Fuel Gas from a b rating to a c+ rating in a research note on Friday, July 19th. ValuEngine downgraded National Fuel Gas from a hold rating to a sell rating in a research report on Thursday, July 18th. Finally, Zacks Investment Research downgraded National Fuel Gas from a hold rating to a strong sell rating and set a $51.00 price objective on the stock. in a research report on Monday, July 22nd.

NFG stock traded up $1.99 during trading on Friday, reaching $48.86. 1,628,390 shares of the company traded hands, compared to its average volume of 855,547. National Fuel Gas has a 12 month low of $45.79 and a 12 month high of $61.71. The company’s 50 day moving average price is $51.60. The company has a market capitalization of $4.22 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 5.10 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.

National Fuel Gas (NYSE:NFG) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. National Fuel Gas had a return on equity of 14.99% and a net margin of 17.57%. The company had revenue of $357.20 million for the quarter, compared to the consensus estimate of $400.88 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts expect that National Fuel Gas will post 3.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.435 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.74 dividend on an annualized basis and a yield of 3.56%. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.43. National Fuel Gas’s dividend payout ratio (DPR) is presently 52.10%.

National Fuel Gas Company Profile

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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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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