UBS Maintains a 'Buy' on National Fuel Gas (NFG); Cutting Estimates on Deceleration in Marcellus Drilling Activity

May 4, 2012 2:54 PM EDT
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Price: $57.75 --0%

Rating Summary:
    6 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 13 | New: 9
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UBS maintains a 'Buy' on National Fuel Gas (NYSE: NFG) price target lowered from $67 to $65.

Analyst, Ronald J. Barone, said, "Minor beats & misses across the segments combine to produce in-line EPS...Further deceleration in Marcellus drilling activity...Incorporating F2Q results, slower projected Marcellus drilling, and new hedges, we are adjusting our F13-F14 EPS ests. to $2.73 and $3.10, from $2.71 and $3.12, respectively. NFG cut its F12 EPS guidance to $2.30-$2.45 (from $2.40-$2.65) to account for FYTD results (including the impact fee charge) & lower natgas prices."

For an analyst ratings summary and ratings history on National Fuel Gas click here. For more ratings news on National Fuel Gas click here.

Shares of National Fuel Gas closed at $45.79 yesterday.

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