National Fuel Gas Company (NFG) : Traders are bullish on National Fuel Gas Company (NFG) as it has outperformed the S&P 500 by a wide margin of 2.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.05% in the last 1 week, and is up 3.16% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
National Fuel Gas Company is up 8.62% in the last 3-month period. Year-to-Date the stock performance stands at 38.18%. The stock has recorded a 20-day Moving Average of 3.05% and the 50-Day Moving Average is 3.86%.
National Fuel Gas Company (NYSE:NFG): The stock opened at $58.10 on Friday but the bulls could not build on the opening and the stock topped out at $58.22 for the day. The stock traded down to $57.65 during the day, due to lack of any buying support eventually closed down at $58.18 with a loss of -0.31% for the day. The stock had closed at $58.36 on the previous day. The total traded volume was 170,120 shares.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on National Fuel Gas Company (NYSE:NFG). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm raises the price target from $47 per share to $61 per share. The rating by the firm was issued on August 10, 2016.
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.