National Fuel Gas Co. (NYSE: NFG) Loses -18.78% From High. Why That Could Change?

With over 0.49 million National Fuel Gas Co. (NFG) shares trading Friday and a closing price of $50.38 on the day, the dollar volume was approximately $24.86 million. The shares have shown a negative half year performance of -0.45% and its price on 01/12/24 gained nearly 1.00%. Currently, there are 91.82M common shares owned by the public and among those 90.51M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for NFG have a consensus price objective of $59.25. The analysts have set the share’s price value over the next 12 months at a high of $68.00 and a low of $55.00. The average price target is 14.97% above its recent price level and an upside to the estimated low will see the stock gain 8.4% over that period. But an upside of 25.91% will see the stock hit the forecast high price target while median target price for the stock is $57.00.

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Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 15,217 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 5,411 shares.

Shares of National Fuel Gas Co. (NYSE: NFG) opened at $50.54, up $0.66 from a prior closing price of $49.88. However, the script later moved the day high at 51.05, up 1.00%. The company’s stock has a 5-day price change of -0.40% and -7.01% over the past three months. NFG shares are trading 0.42% year to date (YTD), with the 12-month market performance down to -17.55% lower. It has a 12-month low price of $48.60 and touched a high of $62.03 over the same period. NFG has an average intraday trading volume of 413.89K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.46%, -1.13%, and -4.02% respectively.

Institutional ownership of National Fuel Gas Co. (NYSE: NFG) shares accounts for 75.37% of the company’s 91.82M shares outstanding.

It has a market capitalization of $4.63B and a beta (3y monthly) value of 0.64. The stock’s trailing 12-month PE ratio is 9.74, while the earnings-per-share (ttm) stands at $5.17. The company has a PEG of 1.20 and a Quick Ratio of 0.41 with the debt-to-equity ratio at 0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.71% over the week and 1.76% over the month.

Analysts forecast that National Fuel Gas Co. (NFG) will achieve an EPS of $1.46 for the current quarter, $1.72 for the next quarter and $6.81 for 2025. The lowest estimate earnings-per-share for the quarter is $1.33 while analysts give the company a high EPS estimate of $1.58. Comparatively, EPS for the current quarter was $1.84 a year ago. Earnings per share for the fiscal year are expected to increase by 2.60%, and 28.34% over the next financial year. EPS should grow at an annualized rate of 8.10% over the next five years, compared to 2.67% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate National Fuel Gas Co. (NFG) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”

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