National Fuel Gas Company (NYSE:NFG) Stock Jumped 0.05% Year-To-Date, What Analysts Expect Next? – Marketing Sentinel
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National Fuel Gas Company (NYSE:NFG) Stock Jumped 0.05% Year-To-Date, What Analysts Expect Next?

In last trading session, National Fuel Gas Company (NYSE:NFG) saw 0.41 million shares changing hands with its beta currently measuring 0.73. Company’s recent per share price level of $63.97 trading at $1.39 or 2.22% at ring of the bell on the day assigns it a market valuation of $5.77B. That closing price of NFG’s stock is at a discount of -3.1% from its 52-week high price of $65.95 and is indicating a premium of 37.78% from its 52-week low price of $39.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.4 million shares which gives us an average trading volume of 427.20K if we extend that period to 3-months.

For National Fuel Gas Company (NFG), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 2 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.31 in the current quarter.

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National Fuel Gas Company (NYSE:NFG) trade information

Upright in the green during last session for gaining 2.22%, in the last five days NFG remained trading in the red while hitting it’s week-highest on Monday, 01/10/22 when the stock touched $63.97 price level, adding 1.51% to its value on the day. National Fuel Gas Company’s shares saw a change of 0.05% in year-to-date performance and have moved -1.31% in past 5-day. National Fuel Gas Company (NYSE:NFG) showed a performance of 1.31% in past 30-days. Number of shares sold short was 2.53 million shares which calculate 5.62 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $63.67 to the stock, which implies a fall of -0.47% to its current value. Analysts have been projecting $55.00 as a low price target for the stock while placing it at a high target of $69.00. It follows that stock’s current price would drop -7.86% in reaching the projected high whereas dropping to the targeted low would mean a gain of 14.02% for stock’s current value.

National Fuel Gas Company (NFG) estimates and forecasts

Statistics highlight that National Fuel Gas Company is scoring comparatively higher than the scores of other players of the relevant industry. The company added 28.40% of value to its shares in past 6 months, showing an annual growth rate of 22.38% while that of industry is 5.30. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 23.60% in the current quarter and calculating 23.10% increase in the next quarter. This year revenue growth is estimated to rise 29.70% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $576.24 million for the same. And 3 analysts are in estimates of company making revenue of $683.35 million in the next quarter that will end on Mar 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 25.80% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 381.90% while estimates for its earnings growth in next 5 years are of 8.50%.

NFG Dividends

National Fuel Gas Company is more likely to be releasing its next quarterly report between February 02 and February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.85%, the share has a forward dividend of 1.82 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.42%.

National Fuel Gas Company (NYSE:NFG)’s Major holders

Insiders are in possession of 1.56% of company’s total shares while institution are holding 74.93 percent of that, with stock having share float percentage of 76.12%. Investors also watch the number of corporate investors in a company very closely, which is 74.93% institutions for National Fuel Gas Company that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at NFG for having 8.7 million shares of worth $456.83 million. And as of Sep 29, 2021, it was holding 9.54% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 8.05 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.82% of outstanding shares, having a total worth of $422.63 million.

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On the other hand, JP Morgan Mid Cap Value Fund and SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 3.75 million shares of worth $197.16 million or 4.12% of the total outstanding shares. The later fund manager was in possession of 3.2 million shares on Sep 29, 2021, making its stake of worth around $167.86 million in the company or a holder of 3.50% of company’s stock.

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