National Fuel Gas Company (NFG) : 6 analysts are covering National Fuel Gas Company (NFG) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. National Fuel Gas Company (NFG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
National Fuel Gas Company (NFG) : The most positive equity analysts on National Fuel Gas Company (NFG) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $47 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $59 with an expected fluctuation of $8.29 from the mean.
Company shares have received an average consensus rating of Hold for the current week National Fuel Gas Company (NYSE:NFG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.72 and $56.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.23, notching a gain of 1.29% for the day. The total traded volume was 301,582 . The stock had closed at $56.50 on the previous day.
In a related news,The Officer (Sr Vp, Gen Counsel & Sec) of NATIONAL FUEL GAS CO, Ciprich Paula M sold 15,000 shares at $56.05 on June 23, 2016. The Insider selling transaction had a total value worth of $840,750. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.