National Fuel Gas Company with ticker code (NFG) have now 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 85 and 61 calculating the average target price we see 73.5. Given that the stocks previous close was at 57.77 this would imply there is a potential upside of 27.2%. The day 50 moving average is 62.67 and the 200 day moving average is 67.08. The market capitalisation for the company is $5,270m. You can visit the company’s website by visiting: https://www.nationalfuel.com
The potential market cap would be $6,705m based on the market concensus.
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, 2022, it had proved developed and undeveloped reserves of 4,170,662 MMcf of natural gas and 250 Mbbl of oil. The Pipeline and Storage segment provides interstate natural gas transportation and storage services through an integrated gas pipeline system in Pennsylvania and New York; and owns and operates 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. 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. The Utility segment sells natural gas or provides natural gas utility services to approximately 754,000 customers in Buffalo, Niagara Falls, and Jamestown, New York; and Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
