National Fuel Gas (NYSE:NFG) Posts Quarterly Earnings Results

National Fuel Gas (NYSE:NFG) issued its earnings results on Wednesday. The oil and gas producer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.38, Briefing.com reports. National Fuel Gas had a return on equity of 15.41% and a net margin of 23.84%. The firm had revenue of $629.94 million for the quarter, compared to analysts’ expectations of $767.33 million. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. National Fuel Gas updated its FY24 guidance to $4.90-5.20 EPS and its FY 2024 guidance to 4.750-5.050 EPS.

National Fuel Gas Trading Up 0.2 %

Shares of NFG traded up $0.11 during midday trading on Friday, hitting $54.87. The stock had a trading volume of 442,675 shares, compared to its average volume of 578,482. National Fuel Gas has a 1 year low of $45.32 and a 1 year high of $55.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.56 and a quick ratio of 0.47. The stock’s 50 day moving average is $52.17 and its 200 day moving average is $50.88. The firm has a market cap of $5.06 billion, a PE ratio of 10.86 and a beta of 0.63.

National Fuel Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, March 27th. National Fuel Gas’s dividend payout ratio (DPR) is 39.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFG. StockNews.com raised National Fuel Gas from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Scotiabank upped their target price on shares of National Fuel Gas from $67.00 to $72.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th.

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.