For its second fiscal quarter (ending March 31), National Fuel Gas Co (NYSE: NFG) has reported a 18% increase in E.P.S. from $1.53 a year ago to $1.81 in the current quarter. This performance was $0.02 better than the consensus estimate of $1.79. E.P.S. were $5.06 for the latest four quarters through March 31 versus $6.30 for the same period a year ago — a decline of -20%.
Recent Price Action
National Fuel Gas Co (NYSE: NFG) stock closed at $52.94 on 5/1/24 after a slight decline of -0.3%. However, below average trading volume at 79% of normal accompanied the decline. The stock has declined -1.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NFG is expected to continue to be an important Value Builder.
National Fuel Gas has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. National Fuel Gas has a slightly positive Appreciation Score of 62 but a poor Power Rating of 24, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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