Barclays Assumes National Fuel Gas Co. to Equal-weight

Brokerage firm Barclays Assumes its rating on National Fuel Gas Co.(NYSE:NFG). The shares have been rated Equal-weight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, On Jan 14, 2016, Jefferies said it Maintains its rating on National Fuel Gas Co.. According to the research note, Jefferies Lowers the price target to $60 per share from a prior target of $65. The shares have been rated ‘Buy’ by the firm.

National Fuel Gas Co. (NFG) made into the market gainers list on Fridays trading session with the shares advancing 1.22% or 0.62 points. Due to strong positive momentum, the stock ended at $51.63, which is also near the day’s high of $51.71. The stock began the session at $50.91 and the volume stood at 5,12,026 shares. The 52-week high of the shares is $66.07 and the 52 week low is $37.03. The company has a current market capitalization of $4,378 M and it has 8,47,90,295 shares in outstanding.

National Fuel Gas Co.(NFG) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $375.19M. Analysts had an estimated revenue of $513.65M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.78.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2016, John R Pustulka (Chief Operating Officer) sold 9,600 shares at $50.31 per share price.Also, On Mar 10, 2016, David F Smith (director) sold 45,000 shares at $48.23 per share price.On Dec 23, 2015, Anna Marie Cellino (President – NFG Dist. Corp.) sold 10,360 shares at $41.69 per share price, according to the Form-4 filing with the securities and exchange commission.

National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production gathering transportation distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production including operations carried out through its subsidiary Seneca Resources Corporation; Pipeline and Storage including operations carried out through its subsidiaries National Fuel Gas Supply Corporation and Empire Pipeline Inc.; Gathering including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility including operations are carried out by through its subsidiary Distribution Corporation and Energy Marketing including operations carried out through its subsidiary National Fuel Resources Inc. The Company operates an integrated business with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves primarily in California.

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