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NFG $71.95

NFG target price
71.95
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National Fuel Gas Co.
Type
Public
Traded as NYSE: NFG
S&P 400 Component
Industry Oil and gas
Founded Incorporated in 1902
Headquarters Williamsville, New York, United States
Key people
Ronald Tanski, CEO
Products Natural gas, Oil reserves
Revenue $ 1.83 billion U.S. dollars (2013)
Number of employees
1,912 (2014)
Website www.nationalfuelgas.com

National Fuel Gas Company is an integrated energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production (Seneca Resources Corporation), Pipeline and Storage, Gathering, Utility, and Energy Marketing (National Fuel Resources, Inc. - NFR). National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.

The Utility segment sells natural gas or provides natural gas transportation services to more than 732,000 customers through a local distribution system located in western New York and northwestern Pennsylvania. The Pipeline and Storage segment provides interstate natural gas transportation and storage services for affiliated and non-affiliated companies through an integrated system of 2,972 miles of pipeline and 31 underground natural gas storage fields (including 4 storage fields co-owned with nonaffiliated companies). The Exploration and Production segment, headquartered in Houston, Texas, explores for, develops and produces natural gas and oil reserves in California, Kansas and the Appalachia Region. Seneca’s primary focus is now the Marcellus and Utica Shales in Pennsylvania, where the company controls 780,000 net prospective acres. The Energy Marketing segment markets natural gas to industrial, commercial, public authority and residential end users located in New York and Pennsylvania.

As one of the earliest gas utility companies in the United States, National Fuel Gas witnessed a number of technological firsts at its company or its subsidiaries. Engineers at the company discovered that depleted underground gas fields could be modified to act as storage reservoirs. Thus, the first such storage facility in the US was implemented at Zoar Field, about forty miles south of Buffalo. This turned out to be a great financial asset to NFG in the 1940s and 1950s, when skyrocketing demand for natural gas led to extensive pipelines in the eastern states being connected to new pipelines and fields in the southwestern states. NFG could thereby purchase huge quantities of cheaper summer gas from the southwest, pipe it to its New York storage fields, inject it into the ground, then retrieve it when demand and prices rose in the winter months.

The company was also the first in the industry to develop a gas-fired generator to produce electricity for cathodic protection to fight corrosion on pipelines.

In 1975, with the introduction of "Balanced Billing", the company claimed that it was "the only gas utility in the country" with a flexible plan for customers to pay bills in eleven equal monthly payments, with settlement of any overpayment or underpayment in the twelfth month. This is a modified system of installment credit.

Its headquarters was located at 10 Lafayette Square until 2002 when the company relocated to 6363 Main St in the Buffalo suburb, Williamsville.

National Fuel Gas Co. is traded on the New York Stock Exchange under the ticker symbol NFG. Its fiscal year ends September 30.

National Fuel's direct, wholly owned subsidiaries include Horizon Energy Development, Inc.; Horizon LFG, Inc.; Leidy Hub, Inc.; Data-Track Account Services, Inc.; Horizon Power, Inc.; Empire Pipeline, Inc. and Seneca Resources, Inc.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-08-03 Future report Set alerts
Q2 2022 2022-05-05 1.68 1.68
Q1 2022 2022-02-03 1.48 1.48
Q4 2021 2021-11-04 0.95 0.95
Q3 2021 2021-08-05 0.93 0.93
Q2 2021 2021-05-06 1.34 1.34
Q1 2021 2021-02-04 1.06 1.06
Q4 2020 2020-11-05 0.00 0.00
Q3 2020 2020-08-06 0.57 0.47
Q2 2020 2020-04-30 0.97 -1.23

Ratings

2016-06-09 Reiterated Rating Argus Hold
2016-04-29 Reiterated Rating Jefferies Group Hold $56.00
2016-04-18 Downgrade Jefferies Group Buy to Hold $56.00
2016-04-10 Reiterated Rating Argus Hold
2016-03-01 Lower Price Target Barclays Equal Weight $48.00 to $47.00
2016-03-01 Lower Price Target Barclays PLC Equal Weight $48.00 to $47.00
2016-01-14 Lower Price Target Jefferies Group Buy $65.00 to $60.00
2015-12-03 Reiterated Rating BMO Capital Markets Market Perform $68.00
2015-11-17 Lower Price Target Howard Weil Sector Perform $61.00 to $56.00
2015-11-17 Reiterated Rating Scotiabank Sector Perform $61.00 to $56.00
2015-09-11 Lower Price Target Jefferies Group $65.00
2015-07-23 Upgrade Jefferies Group Hold to Buy $68.00
2015-04-24 Reiterated Rating Jefferies Group Hold $66.00 to $67.00
2015-03-13 Lower Price Target Jefferies Group Hold $69.00 to $66.00
2015-02-02 Lower Price Target Howard Weil Sector Perform $80.00 to $75.00
2015-01-09 Downgrade Jefferies Group Buy to Hold $79.00 to $69.00
2014-12-01 Boost Price Target Maxim Group Buy $81.00 to $86.00
2014-11-19 Reiterated Rating Citigroup Inc. Buy $83.00 to $80.00
2014-10-22 Lower Price Target Maxim Group Buy $83.00 to $81.00
2014-08-08 Lower Price Target Barclays $75.00 to $74.00
2014-05-09 Boost Price Target Maxim Group Buy $81.00 to $83.00
2014-05-09 Boost Price Target Barclays $71.00 to $75.00
2014-04-02 Initiated Coverage Jefferies Group Buy $79.00
2014-02-11 Boost Price Target Barclays Equal Weight $65.00 to $71.00
2014-02-10 Downgrade BMO Capital Markets Outperform to Market Perform $75.00
2013-11-22 Boost Price Target Howard Weil Sector Perform $71.00 to $75.00
2013-11-21 Downgrade Raymond James Outperform to Market Perform $74.00
2013-11-13 Initiated Coverage Maxim Group Buy $81.00
2012-03-19 Reiterated Howard Weil Market Outperform $68 to $65
2011-06-28 Reiterated Barclays Capital Equal Weight $63 to $68
2010-11-30 Upgrade Howard Weil Market Perform to Market Outperform $52 to $78
2010-11-11 Reiterated UBS Buy $58 to $75
2009-11-17 Upgrade UBS Neutral to Buy
2009-08-27 Downgrade Argus Buy to Hold
2009-08-10 Upgrade Citigroup Sell to Hold $42
2016-06-09 Reiterated Rating Argus Hold
2016-04-29 Reiterated Rating Jefferies Group Hold $56.00
2016-04-18 Downgrade Jefferies Group Buy to Hold $56.00
2016-04-10 Reiterated Rating Argus Hold
2016-03-01 Lower Price Target Barclays Equal Weight $48.00 to $47.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
TANSKI RONALD J President & COO 0.45%  (380060) NFG /
SMITH DAVID F Chairman & CEO 0.23%  (191394) NFG /
CELLINO ANNA MARIE President - NFG Dist. Corp. 0.21%  (176945) NFG /
RAMSDELL JAMES D Senior Vice President 0.10%  (79968) NFG /
CIPRICH PAULA M General Counsel & Secretary 0.08%  (71320) NFG /
PUSTULKA JOHN R President - NFG Supply Corp. 0.07%  (59687) NFG /
Cabell Matthew D President-Seneca Resources 0.07%  (57491) NFG /
Carlotti Carl M Senior VP - NFG Dist. Corp. 0.06%  (54148) NFG /
DeCarolis Donna L VP Business Development 0.06%  (51393) NFG /
MATTHEWS CRAIG G 0.04%  (34873) HES / NFG /
KRAEMER RONALD C Pres - Empire Pipeline 0.04%  (34196) NFG /
CAMIOLO KAREN M Controller 0.03%  (27765) NFG /
EWING STEPHEN E 0.03%  (25663) CMS / NFG /
MCGINNIS JOHN P President-Seneca Resources 0.03%  (23052) NFG /
BRADY ROBERT T 0.03%  (21790) ATRO / MTB / NFG /
Bauer David P Treasurer & Prin. Fin. Officer 0.03%  (21180) NFG /
KIDDER ROLLAND E 0.02%  (18680) NFG /
CASH R D 0.02%  (18417) NFG / STR / ZION /
WEGRZYN ANN M Chief Information Officer 0.02%  (17140) NFG /
Carroll David C. 0.02%  (15708) NFG /
REITEN RICHARD G 0.02%  (12856) NFG /
SHAW JEFFREY W 0.01%  (11033) NFG / SWX /
JAGGERS JOSEPH N 0.01%  (8749) NFG /
SALERNO FREDERIC V 0.01%  (6915) AKAM / BSC / CBS / FCB / ICE / NFG / VIAB /
Ranich Rebecca 0.01%  (5971) NFG / STR /
Jibson Ron W 0.01%  (5416) D / IDA / NFG / STR /
SKAINS THOMAS E 0.01%  (4774) BBT / DUK / NFG / PNY /