Jefferies Upgrades National Fuel Gas Company to Hold

By Jason Carr

National Fuel Gas Company (NYSE: NFG) received a Hold rating and a $52 price target from Jefferies analyst Christopher Sighinolfi today. The company’s shares closed yesterday at $53.41.

According to, Sighinolfi is a 5-star analyst with an average return of 11.0% and a 62.9% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, EnLink Midstream Partners, and Spectra Energy Partners.

Currently, the analyst consensus on National Fuel Gas Company is Hold and the average price target is $52, representing a -2.6% downside.

In a report issued on April 10, Scotiabank also maintained a Hold rating on the stock with a $58 price target.

Based on National Fuel Gas Company’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $391 million and quarterly net profit of $88.91 million. In comparison, last year the company earned revenue of $391 million and had a GAAP net loss of $148 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Paula Ciprich, the Sr VP, Gen Counsel & Sec of NFG sold 7,604 shares for a total of $455,936.

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National Fuel Gas Co. engages in the development of oil and gas properties. It operates through the following segments: Exploration and Production; Pipeline and Storage; Gathering; Utility and Energy Marketing. The Exploration and Production segments operations are carried out by Seneca Resources Corp., which is engaged in the exploration for, and the development and production of, natural gas and oil reserves in California and in the Appalachian region of the United States. The Pipeline and Storage segments operations are carried out by National Fuel Gas Supply Corp., which provides interstate natural gas transportation and storage services. The Gathering segments operations are carried out by National Fuel Gas Midstream Corp., which builds, owns and operates natural gas processing and pipeline gathering facilities in the Appalachian region. The Utility segments operations are carried out by National Fuel Gas Distribution Corp., which sells natural gas or provides natural gas transportation services. The Energy Marketing segments operations are carried out by National Fuel Resources, Inc., which markets natural gas to industrial, wholesale, commercial, public authority and residential customers. The company was founded on December 8, 1902 and is headquartered in Williamsville, NY.