National Fuel Gas Co. (NFG) is Upgraded by Jefferies to Buy

National Fuel Gas Co. (NFG) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on National Fuel Gas Co.. Company shares were Reiterated by Barclays on Aug 10, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 61 from a previous price target of $47 .

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. closed down -1.62 points or -3.00% at $52.37 with 8,04,234 shares getting traded on Tuesday. Post opening the session at $53.93, the shares hit an intraday low of $51.8 and an intraday high of $54.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 30, 2016, Philip C Ackerman (director) sold 105,929 shares at $55.09 per share price. According to the SEC, on Sep 9, 2016, John R Pustulka (Chief Operating Officer) sold 12,000 shares at $58.58 per share price. On Sep 6, 2016, David F Smith (director) sold 48,983 shares at $56.93 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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