NFG Should I Buy
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National Fuel Gas Co (NFG) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The company's strong financial performance, recent analyst upgrades, and growth initiatives, including the pending acquisition of CenterPoint Energy's Ohio gas utility business, make it a compelling investment opportunity. Despite short-term technical weakness, the long-term fundamentals and positive catalysts outweigh the negatives.
The stock is currently oversold with an RSI of 19.227, indicating a potential rebound opportunity. However, the MACD is negatively expanding (-0.88), and the price is trading near the key support level of 89.612. Moving averages are converging, suggesting indecision in the market.
KeyBanc initiated coverage with an Overweight rating and a $110 price target, citing growth initiatives and the stabilizing effect of the pending acquisition.
Strong financial performance in Q1 2026, with revenue up 18.57% YoY and net income up 303.78% YoY.
Analysts expect natural gas prices to rise due to supply deficits, which could benefit NFG.
Hedge funds are selling the stock, with a significant increase in selling activity (3411.65% over the last quarter).
The MACD is negatively expanding, suggesting short-term bearish momentum.
In Q1 2026, NFG reported strong financial growth with revenue increasing by 18.57% YoY to $651.5 million, net income surging by 303.78% YoY to $181.6 million, and EPS rising by 304.08% YoY to 1.98. However, gross margin slightly declined by 0.12% YoY to 68.13%.
KeyBanc initiated coverage with an Overweight rating and a $110 price target, highlighting the company's growth initiatives and acquisition. JPMorgan raised its price target to $97, citing improved oil market fundamentals. Scotiabank lowered its target to $101 but remains optimistic about natural gas prices.
