National Fuel Gas (NYSE:NFG) Raised to Hold at StockNews.com

National Fuel Gas (NYSE:NFG) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

NFG has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Scotiabank raised their price target on National Fuel Gas from $80.00 to $81.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Bank of America started coverage on National Fuel Gas in a research report on Monday, October 28th. They issued an “underperform” rating and a $62.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.00.

National Fuel Gas Trading Up 1.1 %

NFG opened at $64.23 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77. National Fuel Gas has a 52 week low of $45.32 and a 52 week high of $64.30. The business’s 50 day moving average is $61.02 and its two-hundred day moving average is $58.46. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 79.30 and a beta of 0.62.

Insider Buying and Selling at National Fuel Gas

In other National Fuel Gas news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the completion of the transaction, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.55% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On National Fuel Gas

Several institutional investors have recently made changes to their positions in NFG. Beacon Capital Management LLC purchased a new stake in shares of National Fuel Gas during the 1st quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in National Fuel Gas during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in National Fuel Gas in the third quarter valued at $29,000. Venturi Wealth Management LLC acquired a new stake in National Fuel Gas in the third quarter valued at $35,000. Finally, Valley National Advisers Inc. purchased a new position in shares of National Fuel Gas in the second quarter valued at $37,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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.