National Fuel Gas Company (NYSE:NFG) stock has reached a new 52-week high, trading at $69.86, as investors respond positively to the company’s robust performance over the past year. The company’s commitment to shareholder returns is evident through its impressive 54-year streak of consecutive dividend increases, currently offering a 2.97% yield. The energy sector player has seen its stock price soar, with a remarkable 53.42% return over the past year. This milestone underscores the company’s strong market position, with a market capitalization of $6.32 billion, and investor confidence in its growth trajectory amidst a dynamic energy landscape. According to InvestingPro analysis, which offers 13 additional investment insights for this stock, NFG is currently trading slightly above its Fair Value. The 52-week high represents a notable peak in NFG’s stock value, setting a new benchmark for its financial progress and market valuation.
In other recent news, National Fuel Gas Company reported a Q4 Fiscal 2024 adjusted operating result of $0.77 per share, despite low natural gas prices, attributing a $61 million gain to a robust hedge book. The company also noted a 5% year-over-year production increase, primarily in the Eastern Development Area. In addition to this, JPMorgan updated the stock price target for National Fuel Gas, raising it from $69.00 to $70.00 and maintaining a Neutral rating. The adjustment follows an analysis of the company’s expected financial performance in light of recent natural gas price volatility.
Furthermore, National Fuel Gas outlined new long-term incentive grants and short-term incentive opportunities for its top executives, including performance shares tied to environmental goals. The company also announced the execution of a $200 million share buyback program, demonstrating its commitment to shareholder value. These developments are part of recent changes within the company.
Looking forward, analysts from JPMorgan have raised their full-year 2025 earnings per share (EPS) estimate for National Fuel Gas to $6.21, exceeding the company’s guidance of $5.50-$6.00. This projection is based on a gas price assumption of $3.23 per Mcf. Moreover, Seneca Resources, a segment of National Fuel Gas, anticipates record production and reserve growth, with production guidance set at 400 to 420 BCFE for Fiscal 2025, and a strong free cash flow with over 10% compound annual earnings growth through fiscal 2027.
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