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 research note issued to investors on Tuesday.

Other analysts have also recently issued reports about the stock. Argus upgraded shares of National Fuel Gas to a “strong-buy” rating in a research note on Tuesday, November 19th. Bank of America assumed coverage on shares of National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.00.

National Fuel Gas Stock Performance

Shares of NYSE NFG opened at $60.37 on Tuesday. The business’s 50-day simple moving average is $61.59 and its 200-day simple moving average is $59.26. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $65.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.25 and a current ratio of 0.32. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 74.53 and a beta of 0.63.

Insider Activity

In other National Fuel Gas news, insider Donna L. Decarolis sold 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $62.58, for a total value of $625,800.00. Following the sale, the insider now owns 81,519 shares of the company’s stock, valued at $5,101,459.02. The trade was a 10.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the general counsel now directly owns 8,203 shares of the company’s stock, valued at $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,232 shares of company stock valued at $1,945,367. Insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of National Fuel Gas in the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in National Fuel Gas in the third quarter valued at $29,000. Venturi Wealth Management LLC acquired a new position in National Fuel Gas during the third quarter worth $35,000. GAMMA Investing LLC lifted its holdings in shares of National Fuel Gas by 38.6% during the third quarter. GAMMA Investing LLC now owns 696 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 194 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of National Fuel Gas in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

National Fuel Gas Company Profile

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.