National Fuel Gas Rating Lowered to Market Perform at Raymond James (NFG)

By admin | 4 years ago

National Fuel Gas (NYSE: NFG) was downgraded by investment analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday.

National Fuel Gas traded down 0.15% on Monday, hitting $46.03. National Fuel Gas has a 52-week low of $44.18 and a 52-week high of $75.98. The company has a market cap of $3.828 billion and a price-to-earnings ratio of 18.14.


National Fuel Gas last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.89. The company’s quarterly revenue was down 16.4% on a year-over-year basis. Analysts expect that National Fuel Gas will post $0.45 EPS next quarter.

A number of other firms have also recently commented on NFG. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of National Fuel Gas in a research note to investors on Friday, May 4th. Analysts at Howard Weil cut their price target on shares of National Fuel Gas from $68.00 to $65.00 in a research note to investors on Monday, March 19th. They now have an “outperform” rating on the stock.

National Fuel Gas Company is a holding company. The Company is a diversified energy company consisting of four business segments: Utility segment, Pipeline and Storage segment, and Exploration and Production segment and Energy Marketing segment.

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