National Fuel Gas Co. (NFG) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 61

National Fuel Gas Co. (NFG) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 61 from a previous price target of $47 . Barclays advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, National Fuel Gas Co. reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.65. The company had revenue of $335.60 million for the quarter, compared to analysts expectations of $388.67 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

National Fuel Gas Co. opened for trading at $55.99 and hit $57 on the upside on Monday, eventually ending the session at $56.58, with a gain of 1.05% or 0.59 points. The heightened volatility saw the trading volume jump to 3,24,781 shares. Company has a market cap of $4,806 M.

In a different news, on Jun 27, 2016, Paula M Ciprich (Sr VP, Gen Counsel & Sec) sold 15,000 shares at $56.05 per share price. According to the SEC, on Mar 21, 2016, John R Pustulka (Chief Operating Officer) sold 9,600 shares at $50.31 per share price. On Mar 10, 2016, David F Smith (director) sold 45,000 shares at $48.23 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.

National Fuel Gas Co.

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