NYSE:NFG

Stock Analysis Report

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Executive Summary

National Fuel Gas Company operates as a diversified energy company. More Details


Snowflake Analysis

Established dividend payer with reasonable growth potential.


Similar Companies

Share Price & News

How has National Fuel Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NFG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NFG's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.9%

NFG

2.7%

US Gas Utilities

-1.0%

US Market


1 Year Return

-2.7%

NFG

-19.4%

US Gas Utilities

19.6%

US Market

Return vs Industry: NFG exceeded the US Gas Utilities industry which returned -19.4% over the past year.

Return vs Market: NFG underperformed the US Market which returned 19.6% over the past year.


Shareholder returns

NFGIndustryMarket
7 Day1.9%2.7%-1.0%
30 Day2.6%-3.7%2.2%
90 Day6.3%3.5%11.5%
1 Year1.8%-2.7%-16.5%-19.4%22.3%19.6%
3 Year-10.9%-20.2%1.3%-7.7%45.3%35.7%
5 Year19.2%0.6%34.5%15.5%124.8%99.8%

Long-Term Price Volatility Vs. Market

How volatile is National Fuel Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is National Fuel Gas undervalued compared to its fair value and its price relative to the market?

2.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NFG ($44.28) is trading above our estimate of fair value ($42.85)

Significantly Below Fair Value: NFG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NFG is unprofitable, so we can't compare its PE Ratio to the US Gas Utilities industry average.

PE vs Market: NFG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NFG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NFG is overvalued based on its PB Ratio (2x) compared to the US Gas Utilities industry average (1.8x).


Next Steps

Future Growth

How is National Fuel Gas forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

91.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NFG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NFG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NFG's is expected to become profitable in the next 3 years.

Revenue vs Market: NFG's revenue (13.8% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: NFG's revenue (13.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NFG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has National Fuel Gas performed over the past 5 years?

44.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NFG is currently unprofitable.

Growing Profit Margin: NFG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NFG is unprofitable, but has reduced losses over the past 5 years at a rate of 44.4% per year.

Accelerating Growth: Unable to compare NFG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NFG is unprofitable, making it difficult to compare its past year earnings growth to the Gas Utilities industry (14.4%).


Return on Equity

High ROE: NFG has a negative Return on Equity (-6.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is National Fuel Gas's financial position?


Financial Position Analysis

Short Term Liabilities: NFG's short term assets ($314.2M) do not cover its short term liabilities ($459.6M).

Long Term Liabilities: NFG's short term assets ($314.2M) do not cover its long term liabilities ($4.5B).


Debt to Equity History and Analysis

Debt Level: NFG's debt to equity ratio (134.9%) is considered high.

Reducing Debt: NFG's debt to equity ratio has increased from 103.2% to 134.9% over the past 5 years.

Debt Coverage: NFG's debt is well covered by operating cash flow (27.9%).

Interest Coverage: NFG is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is National Fuel Gas's current dividend yield, its reliability and sustainability?

4.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NFG's dividend (4.02%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: NFG's dividend (4.02%) is in the top 25% of dividend payers in the US market (3.85%)


Stability and Growth of Payments

Stable Dividend: NFG's dividends per share have been stable in the past 10 years.

Growing Dividend: NFG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: NFG is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NFG's dividends in 3 years are forecast to be well covered by earnings (37.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Dave Bauer (51 yo)

1.5yrs

Tenure

US$3,511,483

Compensation

Mr. David P. Bauer, also known as Dave, has been President and Chief Executive Officer at National Fuel Gas Company since July 01, 2019. Mr. Bauer served as Treasurer and Principal Financial Officer of Nat...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD3.51M) is about average for companies of similar size in the US market ($USD5.00M).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Bauer
President1.5yrsUS$3.51m0.066%
$ 2.7m
Karen Camiolo
Treasurer & Principal Financial Officer1.5yrsUS$1.47m0.062%
$ 2.5m
John Pustulka
Chief Operating Officer4.92yrsUS$4.94m0.15%
$ 6.2m
Donna DeCarolis
President of National Fuel Gas Distribution Corporation1.92yrsUS$2.60m0.094%
$ 3.8m
John McGinnis
President of Seneca Resources Corporation4.67yrsUS$3.08m0.12%
$ 4.8m
Elena Mendel
Controller & Principal Accounting Officer1.5yrsno data0.0080%
$ 320.4k
Martin Krebs
Chief Information Officer2.08yrsno data0.0016%
$ 64.1k
Kenneth Webster
Director of Investor Relations3yrsno datano data
Sarah Mugel
General Counsel & Secretary0.67yrno data0.019%
$ 785.5k
Ronald Kraemer
President of National Fuel Gas Supply Corporation & Empire Pipelineno datano data0.073%
$ 2.9m
Justin Loweth
Senior Vice Presidentno datano datano data
Michael Kasprzak
President of National Fuel Gas Midstream Company LLC2.42yrsno data0.022%
$ 887.0k

2.0yrs

Average Tenure

60yo

Average Age

Experienced Management: NFG's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Bauer
President1.5yrsUS$3.51m0.066%
$ 2.7m
Joseph Jaggers
Independent Director5.58yrsUS$284.63k0.021%
$ 845.9k
David Smith
Independent Chairman of the Board10.83yrsUS$345.13k0.36%
$ 14.3m
Thomas Skains
Independent Director4.08yrsUS$277.13k0.014%
$ 574.3k
Jeffrey Shaw
Lead Independent Director0.83yrUS$299.63k0.024%
$ 951.5k
Ronald Tanski
Director6.83yrsUS$9.02m0.64%
$ 25.7m
David Carroll
Independent Director8.58yrsUS$271.13k0.028%
$ 1.1m
Barbara Baumann
Independent Director0.83yrno data0.0076%
$ 305.9k
David Anderson
Independent Director1.58yrsUS$85.41k0.0059%
$ 237.4k
Steven Finch
Independent Director2.5yrsUS$284.63k0.0089%
$ 358.7k
Rebecca Ranich
Independent Director4.58yrsUS$299.63k0.016%
$ 664.2k

4.1yrs

Average Tenure

63yo

Average Age

Experienced Board: NFG's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.


Top Shareholders

Company Information

National Fuel Gas Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: National Fuel Gas Company
  • Ticker: NFG
  • Exchange: NYSE
  • Founded: 1902
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: US$4.030b
  • Shares outstanding: 91.01m
  • Website: https://www.nationalfuel.com

Number of Employees


Location

  • National Fuel Gas Company
  • 6363 Main Street
  • Williamsville
  • New York
  • 14221
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NFGNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
NFGDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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 Producti...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 00:48
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.