National Fuel Gas Co experienced a price drop of 3.60%, hitting a 20-day low. This decline occurs despite the Nasdaq-100 rising by 0.49% and the S&P 500 gaining 0.34%, indicating a potential sector rotation.
The stock's movement reflects a sector rotation as investors may be reallocating their investments towards other sectors, despite the overall market strength. This suggests that the decline in National Fuel Gas Co's stock price is not aligned with the broader market trends, which are showing positive momentum.
Investors should monitor the stock closely, as the current price level may present a buying opportunity if the sector rotation stabilizes. The divergence between the stock's performance and the market could indicate underlying issues that need to be addressed.
Wall Street analysts forecast NFG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFG is 101.00 USD with a low forecast of 96.00 USD and a high forecast of 106.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast NFG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFG is 101.00 USD with a low forecast of 96.00 USD and a high forecast of 106.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
4 Hold
0 Sell
Hold
Current: 83.090
Low
96.00
Averages
101.00
High
106.00
Current: 83.090
Low
96.00
Averages
101.00
High
106.00
Scotiabank
Sector Perform
downgrade
$106 -> $101
2026-01-21
Reason
Scotiabank
Price Target
$106 -> $101
AI Analysis
2026-01-21
downgrade
Sector Perform
Reason
Scotiabank lowered the firm's price target on National Fuel to $101 from $106 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for North American Natural Gas stocks under its coverage, the analyst tells investors. Scotiabank's forecasts continue to show supply deficits in U.S. and Western Canada, leading the firm to believe natural gas commodity and equity prices will increase over the next year.
BofA
Underperform
downgrade
$102 -> $99
2026-01-16
Reason
BofA
Price Target
$102 -> $99
2026-01-16
downgrade
Underperform
Reason
BofA lowered the firm's price target on National Fuel to $99 from $102 and keeps an Underperform rating on the shares. Bullish sentiment on natural gas has persisted for 18 months, but the firm sees rising risk of oversupply in 2027, which combined with lower price forecasts drives an average 12% reduction in its price objectives among the gas-levered E&P group.
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JPMorgan
Zach Parham
Neutral
maintain
$95 -> $96
2025-12-08
Reason
JPMorgan
Zach Parham
Price Target
$95 -> $96
2025-12-08
maintain
Neutral
Reason
JPMorgan analyst Zach Parham raised the firm's price target on National Fuel to $96 from $95 and keeps a Neutral rating on the shares. The firm adjusted ratings and targets in the exploration and production space as part of its 2026 outlook. JPMorgan sees supply side risks for oil and liquids, but says the "long-awaited demand inflection for natural gas has finally arrived." The magnitude of the crude oil oversupply, plus a potential end to the Russia-Ukraine conflict in 2026, is a "double whammy" for lower oil prices, the analyst tells investors in a research note.
Scotiabank
Outperform
maintain
$98 -> $102
2025-08-13
Reason
Scotiabank
Price Target
$98 -> $102
2025-08-13
maintain
Outperform
Reason
Scotiabank raised the firm's price target on National Fuel to $102 from $98 and keeps an Outperform rating on the shares. The Q2 earnings from U.S. Natural Gas stocks under its coverage featured "mixed" results, the analyst tells investors. Looking ahead, the firm sees two positive themes, improving capital efficiencies and positive cash flow implications from the One Big Beautiful Bill, and expects further developments on data centers as a key factor over the next few quarters. The firm continues to see National Fuel as a high-quality, lower-risk name in the sector.
About NFG
National Fuel Gas Company is a diversified, integrated energy company with a complementary mix of natural gas assets. It is engaged in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. The Gathering segment builds, owns, and operates gathering facilities in the Appalachian region. The Utility segment provides natural gas utility services to approximately 755,000 customers through a local distribution system located in western New York and northwestern Pennsylvania.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
