Jefferies upgraded National Fuel Gas (NYSE:NFG) from Hold to Buy in a report released today.
- Updated: October 13, 2016
Jefferies has upgraded National Fuel Gas (NYSE:NFG) from Hold to Buy in a report released on Thursday October 13, 2016.
Previously on Wednesday August 10, 2016, Barclays reported on National Fuel Gas (NYSE:NFG) increased the target price from $47.00 to $61.00. At the time, this indicated a possible upside of 0.09%.
Just yesterday National Fuel Gas (NYSE:NFG) traded 2.18% higher at $52.75. National Fuel Gas’s 50-day moving average is $55.83 and its 200-day moving average is $55.00. The last closing price is down -2.00% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 159,173 shares of NFG traded hands, down from an average trading volume of 342,220
Recent Performance Chart
National Fuel Gas has 52 week low of $37.03 and a 52 week high of $59.62 and has a market capitalization of $0.
In addition to Jefferies reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $53.25 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On National Fuel Gas (NYSE:NFG)
National Fuel Gas Company is a holding company. The Company is an energy company engaged in the production, gathering, transportation, distribution and marketing of natural gas. The Company operates through five segments: Exploration and Production, including operations carried out through its subsidiary, Seneca Resources Corporation; Pipeline and Storage, including operations carried out through its subsidiaries, National Fuel Gas Supply Corporation and Empire Pipeline, Inc.; Gathering, including operations carried out through subsidiaries of National Fuel Gas Midstream Corporation; Utility, including operations are carried out by through its subsidiary, Distribution Corporation, and Energy Marketing, including operations carried out through its subsidiary, National Fuel Resources, Inc. The Company operates an integrated business, with assets centered in western New York and Pennsylvania. The Company also develops and produces oil reserves, primarily in California.
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