National Fuel Gas (NYSE:NFG) Announces Earnings Results

National Fuel Gas (NYSE:NFG) announced its quarterly earnings results on Wednesday. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03, Briefing.com reports. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate of $540.62 million. National Fuel Gas had a return on equity of 14.80% and a net margin of 16.42%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share.

National Fuel Gas Stock Performance

Shares of National Fuel Gas stock traded down $0.24 on Friday, hitting $58.95. The stock had a trading volume of 767,679 shares, compared to its average volume of 623,860. National Fuel Gas has a twelve month low of $45.32 and a twelve month high of $59.52. The business’s 50 day moving average is $56.02 and its two-hundred day moving average is $53.07. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 11.70 and a beta of 0.62.

National Fuel Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.515 dividend. This is an increase from National Fuel Gas’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.06 annualized dividend and a dividend yield of 3.49%. National Fuel Gas’s dividend payout ratio is presently 40.87%.

Insider Activity

In other news, General Counsel Michael W. Reville sold 6,357 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $54.83, for a total value of $348,554.31. Following the transaction, the general counsel now owns 9,903 shares of the company’s stock, valued at $542,981.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their price target on National Fuel Gas from $75.00 to $80.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.