Why National Fuel Gas Company (NYSE:NFG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $62.50 on National Fuel Gas Company (NYSE:NFG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.95 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of National Fuel Gas Company (NYSE:NFG) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For National Fuel Gas Company Commo, the PEG ratio for coming 3-5 years is 2.31.

Technical Analysis

The technical analysis highlights that National Fuel Gas Company Commo current is trading $1.44 points away or +2.55% from its 50-day moving average of $56.59. Further it is trading $4.97 or +9.36% away its 200-day moving average of $53.06.

The 52-week high of National Fuel Gas Company (NYSE:NFG) was $58.61 while lowest point recorded in 52-week was $37.03. It implies if stock price makes a movement of over $-0.58, it will record a new 52-week high. In the case of +56.71% drop, it will touch a new 52-week low.

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