ValuEngine cut shares of National Fuel Gas (NYSE:NFG) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of HAYS PLC/ADR from a sell rating to a hold rating in a report on Tuesday, June 18th.

NFG opened at $48.50 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 1.07. The firm’s 50 day moving average is $53.48. National Fuel Gas has a twelve month low of $48.30 and a twelve month high of $61.71. The stock has a market capitalization of $4.19 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 5.00 and a beta of 0.84.

National Fuel Gas (NYSE:NFG) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.08). National Fuel Gas had a net margin of 17.57% and a return on equity of 14.99%. The company had revenue of $552.54 million for the quarter, compared to analysts’ expectations of $602.15 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts predict that National Fuel Gas will post 3.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 3.59%. This is a boost from National Fuel Gas’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, June 27th. National Fuel Gas’s payout ratio is presently 52.10%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moors & Cabot Inc. increased its stake in National Fuel Gas by 166.3% in the 2nd quarter. Moors & Cabot Inc. now owns 10,120 shares of the oil and gas producer’s stock worth $535,000 after buying an additional 6,320 shares during the period. Northwest Bancshares Inc. increased its stake in National Fuel Gas by 0.7% in the 2nd quarter. Northwest Bancshares Inc. now owns 47,851 shares of the oil and gas producer’s stock worth $2,524,000 after buying an additional 324 shares during the period. Oregon Public Employees Retirement Fund increased its stake in National Fuel Gas by 3.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 34,949 shares of the oil and gas producer’s stock worth $1,844,000 after buying an additional 1,093 shares during the period. 6 Meridian increased its stake in National Fuel Gas by 2.4% in the 2nd quarter. 6 Meridian now owns 8,771 shares of the oil and gas producer’s stock worth $463,000 after buying an additional 207 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in National Fuel Gas by 10.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 43,660 shares of the oil and gas producer’s stock worth $2,303,000 after buying an additional 4,300 shares during the period. 73.42% of the stock is 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 five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

See Also: Cost of Capital

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