Investing.com - Financial Markets Worldwide

NFG stock hits 52-week high at $74.72 amid robust growth

Published 28/02/2025, 17:04
NFG stock hits 52-week high at $74.72 amid robust growth
NFG
0.01%

National Fuel Gas Company (NYSE:NFG) stock has reached a new 52-week high, trading at $74.72, as investors rally behind the company’s strong performance. This new peak reflects a significant uptrend for the energy sector player, with the stock delivering a remarkable 56.5% return over the past year. According to InvestingPro data, NFG maintains a "GOOD" Financial Health score and has consistently raised its dividend for 54 consecutive years, currently yielding 2.8%. The surge to the 52-week high underscores the market’s confidence in National Fuel Gas’s strategic initiatives and its ability to capitalize on the current energy landscape. Investors are closely monitoring the stock, anticipating further movements tied to both industry trends and the company’s operational results. With analysts projecting sales growth and net income improvements this year, InvestingPro analysis reveals 12 additional key insights about NFG’s potential, available through the comprehensive Pro Research Report.

In other recent news, National Fuel Gas Company reported its Q1 fiscal 2025 earnings, with earnings per share reaching $1.66, surpassing analyst expectations of $1.51. However, the company’s revenue fell short of projections, totaling $549.48 million compared to the anticipated $616.87 million. The company has also raised its fiscal 2025 earnings guidance by 17%, reflecting a positive outlook. National Fuel Gas announced the issuance of $1 billion in new notes due 2030 and 2035, a strategic move to secure long-term financing. This capital infusion is expected to support ongoing operations and potential expansion. Additionally, the company plans to redeem $950 million in notes earlier than scheduled, indicating a strategic effort to manage its debt load. These recent developments underscore National Fuel Gas’s proactive approach to financial management and growth in the natural gas sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.