National Fuel Gas (NYSE:NFG) Releases Earnings Results, Beats Estimates By $0.08 EPS

National Fuel Gas (NYSE:NFG) issued its quarterly earnings data on Thursday. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08, Bloomberg Earnings reports. The firm had revenue of $357.20 million for the quarter, compared to the consensus estimate of $400.88 million. National Fuel Gas had a net margin of 17.46% and a return on equity of 14.81%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. National Fuel Gas updated its FY19 guidance to $3.40-3.50 EPS and its FY20 guidance to $3.25-3.55 EPS.

NYSE:NFG traded up $1.99 during trading hours on Friday, hitting $48.86. 1,628,390 shares of the company were exchanged, compared to its average volume of 914,928. The stock has a market cap of $4.05 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 5.01 and a beta of 0.80. National Fuel Gas has a 52-week low of $45.79 and a 52-week high of $61.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 1.07. The company’s 50 day moving average is $51.60.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a 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 payout ratio is currently 52.10%.

NFG has been the topic of several research analyst reports. ValuEngine downgraded shares of National Fuel Gas from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. Zacks Investment Research downgraded shares of National Fuel Gas from a “hold” rating to a “strong sell” rating and set a $51.00 target price on the stock. in a research report on Monday, July 22nd. Finally, TheStreet downgraded shares of National Fuel Gas from a “b” rating to a “c+” rating in a research report on Friday, July 19th.

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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Earnings History for National Fuel Gas (NYSE:NFG)

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