National Fuel Gas Company

Valuation Analysis

About the Company

National Fuel Gas Company operates as a diversified energy company. It operates through Integrated Upstream and Gathering, Pipeline and Storage, and Utility segments. The Integrated Upstream and Gathering segment explores for, develops, and produces natural gas and oil. It also builds, owns, and operates gathering facilities in the Appalachian region, as well as provides gathering services to Seneca. 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 prod

National Fuel Gas Company Stock at a Glance

National Fuel Gas Company (NFG) is currently trading at $77.55 with a market capitalization of $7.4B. The trailing P/E ratio stands at 10.48x, with a forward P/E of 9.76x. The 52-week range spans from $75.85 to $97.06; the current price is 20.1% below the yearly high. Year-over-year revenue growth stands at +17.6%. The net profit margin stands at 27.37%.

💰 Dividend

National Fuel Gas Company pays an annual dividend of $2.14 per share, representing a yield of 2.76%. The payout ratio stands at 28.92%.

📊 Analyst Rating

2 analysts rate National Fuel Gas Company (NFG) on consensus: Buy. The average price target is $101.50, implying +30.88% from the current price. Analyst price targets range from $93.00 to $110.00.

National Fuel Gas Company: The Investment Case in Detail

National Fuel Gas Company (NFG) operates in the Energy — specifically Oil & Gas Integrated — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Revenue is growing at a healthy 17.6% pace year-over-year, suggesting the business model continues to find new customers and pricing power. With a gross margin near 64.1%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Wall Street consensus sits at Buy with an average price target implying roughly 30.88% upside from current levels — analyst sentiment is firmly constructive.

Valuation in Context

The EV/EBITDA multiple of 6.34x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 30.88% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (6%).

Trading Data

💵 Dividend Info

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