On Thursday, National Fuel Gas stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The energy stock sports a 95 Relative Strength Rating.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength.
National Fuel Gas stock has now climbed above a proper buy zone after clearing the 65.06 entry in a cup without handle and is extended. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
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The stock earns an 80 EPS Rating, which means its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
National Fuel Gas Earnings
The diversified energy company posted a 14% EPS gain for Q1. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth rose 5%, up from 1% in the prior quarter. The company has now posted rising growth in each of the last four quarters.
National Fuel Gas stock holds the No. 1 rank among its peers in the Utility-Gas Distribution industry group. Excelerate Energy and New Jersey Resources are also among the group's highest-rated stocks.
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