National Fuel Gas Company – Consensus Indicates Potential 12.1% Upside

Broker Ratings

National Fuel Gas Company found using ticker (NFG) now have 4 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 62 and 51 with a mean TP of 57. Given that the stocks previous close was at 50.83 this is indicating there is a potential upside of 12.1%. The 50 day MA is 51.72 while the 200 day moving average is 51.48. The company has a market cap of $4,674m. You can visit the company’s website by visiting: http://www.nationalfuel.com

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. 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. As of September 30, 2020, it had proved developed and undeveloped reserves of 22,100 thousand barrels of oil and 3,325,085 million cubic feet of natural gas. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline systems in Pennsylvania and New York; and owns and operates 31 underground natural gas storage fields. This segment also transports natural gas for National Fuel Gas Distribution Corporation, as well as for other utilities, industrial companies, and power producers in New York State; and owns and operates the Empire Pipeline. The Gathering segment builds, owns, and operates natural gas processing and pipeline gathering facilities in the Appalachian region, as well as provides gathering services to Seneca Resources Company, LLC. The Utility segment sells natural gas or provides natural gas transportation services to approximately 747,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. The company markets gas to industrial, wholesale, commercial, public authority, and residential customers primarily in western and central New York, and northwestern Pennsylvania. As of September 30, 2020, the company also owned approximately 95,000 acres of timber property; and managed approximately 2,500 additional acres of timber cutting rights. National Fuel Gas Company was founded in 1902 and is headquartered in Williamsville, New York.

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