National Fuel Gas (NYSE:NFG) Stock Rating Lowered by StockNews.com

National Fuel Gas (NYSE:NFG) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other analysts have also recently weighed in on NFG. Argus raised National Fuel Gas to a “strong-buy” rating in a research report on Tuesday, November 19th. Scotiabank raised their price objective on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. lowered their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America began coverage on National Fuel Gas in a research report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.00.

National Fuel Gas Stock Up 0.8 %

Shares of NYSE NFG opened at $63.96 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $5.81 billion, a PE ratio of 78.96 and a beta of 0.62. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $65.06. The stock’s fifty day simple moving average is $61.26 and its two-hundred day simple moving average is $58.64.

Insider Buying and Selling at National Fuel Gas

In other news, General Counsel Michael W. Reville sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the sale, the general counsel now directly owns 8,203 shares in the company, valued at $498,496.31. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On National Fuel Gas

A number of institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in National Fuel Gas in the 3rd quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in National Fuel Gas in the 3rd quarter worth about $29,000. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas in the 3rd quarter worth about $35,000. Valley National Advisers Inc. acquired a new stake in National Fuel Gas in the 2nd quarter worth about $37,000. Finally, GAMMA Investing LLC boosted its holdings in National Fuel Gas by 38.6% in the 3rd quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 194 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

About National Fuel Gas

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.