National Fuel Gas Company (NYSE:NFG) is expected to report fourth quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.36 per share.
Looking ahead, the full year income are expected at $ 2.88 per share on the revenues of $ 1598.95 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.75 ~ $ 2.85 per share
Click Here For More Historical Outlooks Of National Fuel Gas Company
Previous Quarter Performance
National Fuel Gas Company came out with income for the third quarter of $ 0.57 per share, from the revenue of $ 323.02 million. The quarterly earnings fell 19.72 percent while revenues contracted 9.57 percent compared with the same quarter last year.
Wall street analysts are predicting, NFG to report 3Q20 income of $ 0.47 per share from revenue of $ 375.64 million. The bottom line results beat street analysts by $ 0.1 or 21.28 percent, at the same time, top line results fell short of analysts by $ 52.62 million or 14.01 percent.
Stock Performance
Shares of National Fuel Gas Company traded low $ -0.48 or -1.16 percent on Wednesday, reaching $ 40.86 with volume of 350.00 thousand shares. National Fuel Gas Company has traded high as $ 41.90 and has cracked $ 40.84 on the downward trend
The closing price of $ 40.86, representing a 30.91 % increase from the 52 week low of $ 31.58 and a 13.33 % decrease over the 52 week high of $ 47.70.
The company has a market capital of $ 3.72 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Goldman Sachs Group at Neutral rating, with $ 45.50 target price.
National Fuel Gas Company operates as a diversified energy company. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.
