UPDATE: Argus Upgrades National Fuel Gas (NFG) to Buy

(updating comment)

Argus analyst David Coleman upgraded National Fuel Gas (NYSE: NFG) from Hold to Buy with a price target of $47.00.

The analyst comments "We believe that NFG provides a unique long-term investment opportunity, as it combines the stability of a regulated gas utility with the growth potential of an E&P and gathering business. The company also has investment-grade credit ratings and a strong balance sheet. In addition, the current dividend yield of about 4.0% may be attractive for income-seeking investors. NFG has paid a dividend for 115 consecutive years and has raised its payout for 48 straight years."

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 $41.97 yesterday.

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