National Fuel Gas (NYSE:NFG) Stock Rating Upgraded by Argus

National Fuel Gas (NYSE:NFG) was upgraded by equities research analysts at Argus to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Scotiabank raised their target price on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. StockNews.com upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. cut their price target on National Fuel Gas from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, Bank of America initiated coverage on shares of National Fuel Gas in a report on Monday, October 28th. They set an “underperform” rating and a $62.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.00.

National Fuel Gas Stock Up 1.1 %

Shares of NYSE NFG opened at $64.24 on Tuesday. The company’s fifty day simple moving average is $61.02 and its 200 day simple moving average is $58.44. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $64.30. The firm has a market cap of $5.87 billion, a PE ratio of 79.31 and a beta of 0.62. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.77.

Insider Transactions at National Fuel Gas

In related news, General Counsel Michael W. Reville sold 1,700 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total value of $103,309.00. Following the sale, the general counsel now owns 8,203 shares in the company, valued at approximately $498,496.31. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in National Fuel Gas by 44.2% in the third quarter. Victory Capital Management Inc. now owns 2,498,205 shares of the oil and gas producer’s stock worth $151,416,000 after acquiring an additional 765,236 shares in the last quarter. AQR Capital Management LLC increased its position in shares of National Fuel Gas by 159.5% during the 2nd quarter. AQR Capital Management LLC now owns 880,434 shares of the oil and gas producer’s stock valued at $47,711,000 after purchasing an additional 541,176 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of National Fuel Gas by 194.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 378,588 shares of the oil and gas producer’s stock valued at $20,516,000 after buying an additional 249,967 shares in the last quarter. Mackenzie Financial Corp lifted its position in National Fuel Gas by 262.5% in the 2nd quarter. Mackenzie Financial Corp now owns 318,078 shares of the oil and gas producer’s stock worth $17,237,000 after buying an additional 230,332 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in National Fuel Gas in the second quarter worth approximately $10,741,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

About National Fuel Gas

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates underground natural gas storage fields.