JPMorgan Chase & Co. Has Lowered Expectations for National Fuel Gas (NYSE:NFG) Stock Price

National Fuel Gas (NYSE:NFG) had its price target decreased by research analysts at JPMorgan Chase & Co. from $65.00 to $64.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 5.04% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Bank of America began coverage on shares of National Fuel Gas in a research note on Monday, October 28th. They issued an “underperform” rating and a $62.00 price objective for the company. StockNews.com cut National Fuel Gas from a “hold” rating to a “sell” rating in a research note on Saturday, October 19th. Finally, Scotiabank raised their price objective on National Fuel Gas from $80.00 to $81.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th.

National Fuel Gas Trading Down 0.6 %

Shares of NFG stock opened at $60.93 on Tuesday. The stock’s 50-day moving average price is $60.68 and its 200-day moving average price is $58.08. National Fuel Gas has a 12-month low of $45.32 and a 12-month high of $63.54. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 75.22 and a beta of 0.62. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.77.

Insider Buying and Selling

In other news, General Counsel Michael W. Reville sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $60.77, for a total transaction of $103,309.00. Following the transaction, the general counsel now owns 8,203 shares of the company’s stock, valued at approximately $498,496.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On National Fuel Gas

A number of large investors have recently bought and sold shares of NFG. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of National Fuel Gas during the first quarter valued at $905,000. Sei Investments Co. grew its stake in National Fuel Gas by 20.2% in the 1st quarter. Sei Investments Co. now owns 190,996 shares of the oil and gas producer’s stock worth $10,260,000 after acquiring an additional 32,121 shares in the last quarter. US Bancorp DE increased its position in shares of National Fuel Gas by 4.5% during the first quarter. US Bancorp DE now owns 25,400 shares of the oil and gas producer’s stock worth $1,364,000 after acquiring an additional 1,105 shares during the period. Avantax Advisory Services Inc. purchased a new position in shares of National Fuel Gas during the first quarter worth approximately $429,000. Finally, Entropy Technologies LP raised its stake in shares of National Fuel Gas by 10.6% during the first quarter. Entropy Technologies LP now owns 18,830 shares of the oil and gas producer’s stock valued at $1,012,000 after acquiring an additional 1,808 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

National Fuel Gas Company Profile

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.