National Fuel Gas Company (NFG) : 6 analysts are covering National Fuel Gas Company (NFG) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. National Fuel Gas Company (NFG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
National Fuel Gas Company (NFG) : The consensus price target for National Fuel Gas Company (NFG) is $58 for the short term with a standard deviation of $7.75. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $47.
National Fuel Gas Company (NYSE:NFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.91 and $55.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.77, notching a gain of 1.74% for the day. The total traded volume was 410,015 . The stock had closed at $55.80 on the previous day.
Also, In the latest statement by the brokerage house, Jefferies downgrades its outlook on National Fuel Gas Company (NYSE:NFG). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on April 18, 2016. The company shares have dropped -0.23% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $57.91 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $55.37 and the 200 Day Moving Average price is recorded at $49.73.
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.