NFGEnergy · Oil & Gas IntegratedThe 4 Wall Street analysts covering National Fuel Gas Co. hold a median 12-month price target of $92 — +10.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 30 of 100 as at 2 Sept 2026 — in the lower half. The Street sees upside; the factor read is a caution. That gap is the story on this page.
Consensus tells you what everyone already believes. The model scores National Fuel Gas Co. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Volatility (93): The share price has been relatively steady.
Issuance (23): The company has been issuing shares or taking on financing, diluting existing holders.
Size (18): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on NFG, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +10.1% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 7 Apr 2026 | Keybanc | Initiates | Overweight | $110 |
| 9 Oct 2025 | Scotiabank | Downgrade | Sector Perform | — |
| 13 Aug 2025 | Scotiabank | Maintains | Sector Outperform | — |
| 15 July 2025 | B of A Securities | Upgrade | Buy | — |
| 11 July 2025 | Scotiabank | Maintains | Sector Outperform | — |
| 23 May 2025 | B of A Securities | Maintains | Underperform | — |
| 29 Apr 2025 | B of A Securities | Maintains | Underperform | — |
| 13 Mar 2025 | JP Morgan | Maintains | Neutral | — |
| 13 Jan 2025 | B of A Securities | Maintains | Underperform | — |
| 12 Nov 2024 | JP Morgan | Maintains | Neutral | — |
| 12 Sept 2024 | JP Morgan | Maintains | Neutral | — |
| 20 Aug 2024 | Scotiabank | Maintains | Sector Outperform | — |
| 12 July 2024 | Scotiabank | Maintains | Sector Outperform | — |
| 9 May 2024 | Scotiabank | Maintains | Sector Outperform | — |
| 11 Apr 2024 | Scotiabank | Maintains | Sector Outperform | — |
| 14 Sept 2023 | Scotiabank | Upgrade | Sector Outperform | — |
| 24 May 2023 | Argus Research | Maintains | Buy | — |
| 24 May 2023 | Goldman Sachs | Maintains | Neutral | — |
| 6 Feb 2023 | Raymond James | Downgrade | Market Perform | — |
| 26 Jan 2023 | Raymond James | Maintains | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. NFG appears on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 3 Sept 2026, National Fuel Gas Co. returned −0.5% against +21.4% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 55% of US stocks
Cheaper than 40% of US stocks
Cheaper than 46% of US stocks
Cheaper than 49% of US stocks
Higher than 30% of US stocks
Higher than 28% of US stocks
Higher than 54% of US stocks
Higher than 92% of US stocks
Higher than 87% of US stocks
Higher than 81% of US stocks
Higher than 84% of US stocks
Higher than 58% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
National Fuel Gas Co. has a market value of $7.9B and an enterprise value of $10.3B.
Revenue in the twelve months to 30 June 2026: $2.5B. The latest quarter grew 1.1% year on year.
Net income over the same four quarters: $675.3M, a 26.9% net margin.
Diluted earnings per share, trailing twelve months: $7.20.
Free cash flow in the twelve months to 30 June 2026: $222.3M, after $1.1B of capital spending.
National Fuel Gas Co. spent $7.0M on share buybacks and $198.4M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 11.6×; forward P/E: 11.0× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 2.66%, paying out 30% of earnings.
National Fuel Gas Co. employs 2,322 people — $1.1M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| NFGNational Fuel Gas Co. | $7.9B | 30 |
| DECDiversified Energy Co. | $1.1B | 6 |
| CVECenovus Energy, Inc. | $61.4B | 82 |
| NOVNOV, Inc.* | $7.9B | 76 |
| NENoble Corp. Plc* | $7.7B | 41 |
| MTDRMatador Resources Co.* | $7.4B | 45 |
| CHRDChord Energy Corp.* | $8.5B | 81 |
* Nearest Energy names by size — few oil & gas integrated companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own National Fuel Gas Co. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
National Fuel Gas (NFG) reported earnings 30 days ago, and its stock has risen 0.5% since that report. The article examines what might come next for the company's stock.
Why it matters — NFG watchers would care because the piece tracks the company's post-earnings stock movement and looks ahead to potential future developments.
Seeking Alpha reaffirms National Fuel Gas Company as a Buy, citing its vertical integration, robust earnings growth, and a 56-year dividend increase streak. The company is acquiring CenterPoint Energy's Ohio utility, a move expected to double its regulated rate base and enhance income stability.
Why it matters — NFG watchers would care because the acquisition is expected to double the company's regulated rate base and strengthen income stability, while its low valuation and long dividend-growth record position it as a defensive option for conservative investors.
Seeking Alpha reports that Dividend Kings are outperforming the S&P 500 year-to-date, with a 14.98% total return versus SPY's 12.89%. Dividend growth among Kings accelerated, with the average increase rate rising to 4.12% and several notable increases announced.
Why it matters — As a member of the Dividend Kings group, National Fuel Gas shareholders may view outperforming returns and accelerating dividend growth in this cohort as favorable context for the company's dividend track record.
National Fuel Gas reported third-quarter fiscal 2026 adjusted earnings of $1.54 per share, down $0.10 from a year earlier. Lower production in its integrated upstream and gathering operations more than offset stronger natural-gas price realizations and hedge gains.
Why it matters — The earnings decline shows that lower production volumes in NFG's upstream and gathering segments are weighing on results even as natural-gas prices and hedges provide some support.
National Fuel Gas Co. exceeded fiscal Q3 earnings estimates with year-over-year revenue growth, though the results were tempered by lower production, higher costs, and a reduced 2026 outlook.
Why it matters — The combination of an earnings beat alongside a reduced 2026 outlook provides mixed signals for NFG investors assessing the company's near-term trajectory.
The 4 Wall Street analysts covering National Fuel Gas Co. have a median 12-month price target of $92, with estimates ranging from $89 to $95. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 4 analysts covering National Fuel Gas Co., 2 rate it a Buy, 2 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks National Fuel Gas Co. 30 out of 100 across roughly 4,600 US stocks as at 2 Sept 2026. None of this is personal advice — it does not consider your circumstances.
As at 2 Sept 2026, National Fuel Gas Co. ranks 30 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Volatility (93 of 100).
No one can know that. What the data says: the median 12-month target from 4 analysts implies +10.1% from the last close, and Ticker Nerd's factor model ranks National Fuel Gas Co. 30 out of 100 as at 2 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering National Fuel Gas Co. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for NFG are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $89 to $95 over the next 12 months.
National Fuel Gas Co. returned -0.5% over the 12 months to 3 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.
National Fuel Gas Company is a diversified energy company focused on natural gas production, transportation, storage, gathering, and distribution. National Fuel Gas Company operates across integrated business segments that connect upstream resource development with midstream infrastructure and utility services, serving residential, commercial, and industrial customers in its core markets.
The most recent item we track (Zacks Investment Research, 28 Aug 2026): "Why Is National Fuel Gas (NFG) Up 0.5% Since Last Earnings Report?". National Fuel Gas (NFG) reported earnings 30 days ago, and its stock has risen 0.5% since that report. The article examines what might come next for the company's stock.
National Fuel Gas Company is a diversified energy company focused on natural gas production, transportation, storage, gathering, and distribution. National Fuel Gas Company operates across integrated business segments that connect upstream resource development with midstream infrastructure and utility services, serving residential, commercial, and industrial customers in its core markets. Its activities include exploring and producing natural gas and oil, operating pipeline and storage systems, gathering gas from producing areas, and delivering natural gas through regulated utility operations. The company also participates in energy marketing, helping support the movement and supply of natural gas across its network. Headquartered in Williamsville, New York, National Fuel Gas Company plays a significant role in the natural gas value chain, linking supply sources to end users through a coordinated portfolio of energy assets.
CEO Mr. David P. Bauer · 2,322 employees · United States · https://www.nationalfuel.com
