Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for National Fuel Gas Co (NYSE: NFG) weakened during the last several trading days. NFG’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
National Fuel Gas Co (NYSE: NFG) stock closed at $59.19 on 8/1/24 after an increase of 1.0%. Moreover, this advance was accompanied by unusually high trading volume at 152% of normal. The stock has risen 3.6% during the last week and has been strong 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. National Fuel Gas has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 62, leading to the High Neutral Value Trend Rating.
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