Argus Upgrades National Fuel Gas (NYSE:NFG) to “Strong-Buy”

National Fuel Gas (NYSE:NFG) was upgraded by stock analysts at Argus to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of National Fuel Gas from a “sell” rating to a “hold” rating in a report on Friday. Bank of America started coverage on National Fuel Gas in a research report on Monday, October 28th. They set an “underperform” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Finally, Scotiabank increased their target price 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.00.

National Fuel Gas Stock Up 1.1 %

NFG stock opened at $64.24 on Tuesday. The business’s fifty day moving average price is $61.02 and its two-hundred day moving average price is $58.44. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 79.31 and a beta of 0.62. National Fuel Gas has a fifty-two week low of $45.32 and a fifty-two week high of $64.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.32 and a quick ratio of 0.25.

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 business’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 completion of the transaction, the general counsel now owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On National Fuel Gas

Hedge funds have recently modified their holdings of the company. Beacon Capital Management LLC bought a new stake in National Fuel Gas during the 1st quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in shares of National Fuel Gas in 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 bought a new position in National Fuel Gas during the 3rd quarter worth $35,000. Finally, Valley National Advisers Inc. acquired a new position in National Fuel Gas during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

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.