Summary
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National Fuel Gas Company (NFG) shows strong technical buy signals, gaining 21.97% since Trend Seeker's buy signal on 1/13, with consistent price appreciation.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday NFG operates in four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility, providing diversified energy services in Pennsylvania and New York.
Barchart's technical indicators highlight 100% buy signals, a 51.27% gain in the last year, and a strong Relative Strength Index of 73.76%.
Analysts offer mixed ratings with a price target midpoint of $78; revenue and earnings are expected to grow significantly this year and next.
The Chart of the Day belongs to the integrated oil & gas company National Fuel Gas Company (NFG) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/13 the stock gained 21.97%.
NFG Price vs Daily Moving Averages:
NFG (Barchart)
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. The Pipeline and Storage segment provides interstate natural gas transportation services through an integrated gas pipeline system in Pennsylvania and New York; and storage services through its underground natural gas storage fields. This segment also transports and stores natural gas for National Fuel Gas Distribution Corporation, as well as for utilities, industrial companies, and power producers in New York State. The Gathering segment builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. The Utility segment sells natural gas to retail customers; and provides natural gas utility services to various customers in Buffalo, Niagara Falls, and Jamestown, New York, as well as in Erie and Sharon, Pennsylvania. National Fuel Gas Company was incorporated in 1902 and is headquartered in Williamsville, New York.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 54.95+ Weighted Alpha
- 51.27% gain in the last year
- .56 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 6.22% in the last month
- Relative Strength Index 73.76%
- Technical support level at $76.83
- Recently traded at $77.66 with 50 day moving average of $70.91
Fundamental Factors:
- Market Cap $6.98 billion
- P/E 14.68
- Dividend yield 2.65%
- Revenue expected to grow 31.40% this year and another 6.76% next year
- Earnings estimated to increase 10.47% this year and an additional14.24% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 1 strong buy,1 buy, 3 hold and 1 sell opinion on the stock with price targets between $64 and $84 with a mid-point of $78
- Value Line rates the stock average with a price target of $88 for a 15% gain and comments:" The issue also has plenty of room to grow in the coming 18 months and out to 2028-2030. What's more, the equity has an above-average dividend yield and healthy total return prospects over the long haul. "
- MorningStar thinks the stock is fairly valued
- 11,750 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
