NYSE: NFG

National Fuel Gas (NFG) Stock Analysis & Forecast

Sep 28 close

$77.76−1.23 (−1.6%)

Gekko Brief

AI summary

National Fuel Gas declared a quarterly dividend of $0.56, payable 15 October, unchanged in substance from the prior $0.555 rate, even as the company had previously flagged lower fiscal third-quarter GAAP EPS and a downward revision to its full-year earnings outlook. Separately, the company has engaged Goldman Sachs to explore strategic options, including a possible sale, merger or spinoff, for its natural gas production unit, Seneca Resources and National Fuel Gas Midstream Company, valued at approximately $5 billion.

NFG closed at $77.76, down 1.6%, and sits below both its 50-day average of $81.69 and 200-day average of $83.61, with the 50-day below the 200-day. Shares are down 6.2% over one month, roughly flat over three months at -1%, and off 18.4% over six months, trading closer to the 52-week low of $75.17 than the high of $97.06. The GekkoIndex reads 69.6, placing NFG in the Accumulation zone, and price stands 9.4% below the Gekko Fair Value estimate of $85.85.

The next earnings date falls on 4 November, 36 days out and beyond a typical 20-trading-day holding window; the prior report showed adjusted EPS of $2.71 against a $2.84 estimate, with a -5.4% reaction. No insider, Congress or unusual options activity appears in the current window. Seasonally, the next 20 trading days have averaged a 0.5% gain over five years, rising in three of them. Consensus among two covering firms carries a $92 target.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

National Fuel Gas price vs fair value

$85.85$77.76Sep ’25Mar ’26Sep ’26
Close $77.76200-day averageGekko Fair Value $85.85

National Fuel Gas quick facts

Market cap
$7.39B
P/E ratio
11
Forward P/E
9.8
EPS, TTM
$7.21
Revenue, TTM
$2.51B
Profit margin
26.9%
Dividend yield
2.75%
Beta
0.38
Volume
756,252 avg 783,478
1-year return
−16.0%
Typical daily move
±2.3%
Typical 20-day move
±3.6%
50-day average
$81.69
200-day average
$83.61
Next earnings
Nov 4
Shares outstanding
95.05M
52-week range
$75.17$97.06

National Fuel Gas swing-trade checklist

National Fuel Gas scores 4 supportive, 0 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $77.76 is below the 50-day ($81.69) and 200-day ($83.61) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    69.6, Accumulation

    Reading 69.6 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    9.4% below

    Price is 9.4% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +0.5% on average

    From this point in the calendar, the next 20 trading days averaged +0.5% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

National Fuel Gas stock chart and price history

National Fuel Gas closed at $77.76 on Sep 28, 2026, −16.0% over the past year, inside a 52-week range of $75.17 to $97.06.

Close50-day average200-day averageVolume
National Fuel Gas share price, past year, with 50-day and 200-day moving averages and volume$75$80$85$90$95NovDecJan 2026FebMarAprMayJunJulAugSep77.76

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−6.2%
3 months
−1.0%
6 months
−18.4%
1 year
−16.0%
The full NFG chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open NFG in Gekko

Follow National Fuel Gas through every session

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National Fuel Gas GekkoIndex: the smart money zone

National Fuel Gas’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 69.6, in the Accumulation zone, up 3.4 points over five sessions.

010069.6Accumulation

Up 3.4 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying28−0.2%+0.9%+1.1%+6.3%
Accumulation (current zone)149+0.3%+0.2%+2.4%+6.3%
Neutral463+0.6%+1.1%+1.6%+3.7%
Distribution31−0.5%+0.4%+2.2%+6.2%
Selling1Too few readings yet

Average NFG share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the NFG price, zone by zone.Track NFG in Gekko

Is National Fuel Gas stock overvalued? Gekko Fair Value

National Fuel Gas trades 9.4% below Gekko Fair Value of $85.85, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what National Fuel Gas shares are worth, recalculated every trading day.

$85.85

Gekko Fair Value, Sep 26, 2026

9.4% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open NFG in Gekko

National Fuel Gas insider and Congress trading

No open-market insider purchases were filed for National Fuel Gas, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for NFG in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every NFG insider filing, plotted on the chart in Gekko.Open NFG in Gekko

Congress trades last 90 days

No trades in NFG were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for NFG, plotted on the chart in Gekko.Open NFG in Gekko

Buybacks

National Fuel Gas has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$14K
As a share of market cap
0.00%
Trailing four quarters
$6.96M

From company filings.

National Fuel Gas earnings: next date and track record

National Fuel Gas reports on Nov 4, 2026 (36 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±2.5%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+1.2%Jul ’24−2.7%Nov ’24+3.4%Jan ’25+2.0%Apr ’25−1.2%Jul ’25−2.8%Nov ’25+1.0%Jan ’26−5.4%Apr ’26

Last earnings call, Apr 29, 2026 AI summary

What they said
National Fuel reported a solid fiscal Q2 driven by strong natural gas marketing and hedging performance and resilient operations during an extended cold snap. Adjusted EPS was $2.71, up 13% year-over-year, continuing double-digit EPS growth and on track with the company’s multiyear 10%+ average annual growth target. The company generated about $160 million of free cash flow and record EBITDA in the Integrated Upstream and Gathering segment (more than $300 million). Operations held up well during severe winter weather with limited freeze-offs, but heavy snowfall and road closures modestly reduced completions and delayed flowback, producing a roughly 5 Bcf negative impact on production in the quarter. A 6-well pad included four older-design wells that underperformed expectations, prompting a modest reduction of fiscal 2026 production guidance (midpoint down ~3%) to a range of 425–440 Bcf. Management emphasized successful testing of Gen 4 and Upper Utica well designs, progress on takeaway capacity (including Gulf Coast contracts), and multiple pipeline/power-gen expansion opportunities (Line N, Empire line, Shippingport). Management portrayed a confident, methodical approach to hedging, capital allocation, and optimization between upstream and midstream investments.
Guidance
Reduced fiscal 2026 production guidance: range 425 to 440 Bcf (midpoint reduced ~3%). Multiyear target: 10%+ average annual EPS growth. Management macro view: long-term Henry Hub range ~$3 to $5/MMBtu. No full-year revenue or EPS numeric guidance changes beyond production range were provided.
Risks flagged
Weather-related operational disruption (extended cold snap, heavy snowfall/road closures) impacting completions and flowback; underperformance of older well designs (4 wells on a 6-well pad); modest near-term production downside from those items; higher per-unit gathering O&M tied to new preventative maintenance strategy and compressor swaps; diesel and other commodity-driven cost pressures that could increase CapEx/service costs; exposure to gas price volatility (though hedged) and potential curtailment risk if in-basin prices fall substantially; broader macro/geo-political uncertainty that could affect supply chains.
ReportedEPSSurpriseRevenueSurpriseMove
Apr 29, 2026$2.71
est $2.84
−4.6%$858.4M
est $856.6M
+0.2%−5.4%
Jan 28, 2026$2.06
est $1.92
+7.3%$651.5M
est $653.8M
−0.3%+1.0%
Nov 5, 2025$1.18
est $1.08
+9.3%$456.4M
est $513.5M
−11.1%−2.8%
Jul 30, 2025$1.64
est $1.54
+6.5%$531.8M
est $540.1M
−1.5%−1.2%
Apr 30, 2025$2.39
est $2.21
+8.1%$730.0M
est $774.6M
−5.8%+2.0%
Jan 29, 2025$1.66
est $1.56
+6.4%$549.5M
est $637.2M
−13.8%+3.4%
Nov 6, 2024$0.77
est $0.82
−6.1%$372.1M
est $524.7M
−29.1%−2.7%
Jul 31, 2024$0.99
est $0.98
+1.0%$417.4M
est $536.4M
−22.2%+1.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

National Fuel Gas stock forecast and analyst price targets

Analysts’ average 12-month price target for National Fuel Gas is $92.00, +18.3% from the last close, from 2 firms rating the stock in the last 90 days.

$92.00consensus 12-month target, +18.3% from the last close
Low $87High $95
Buy1
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 2 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 18KeyBancBuy, maintained$95+22.2%
Aug 31KeyBancBuy, reiterated$95+22.2%
Jul 16J.P. MorganHold, maintained$87+11.9%
+2.4%average 20-day move after past Accumulation readings
+0.5%average move over the next 20 trading days in the last 5 years
±2.3%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

National Fuel Gas seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, National Fuel Gas averaged +0.5% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+8.1%2021+5.8%2022−1.1%2023+1.1%2024−12.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.5%4 of 5
Next 10 trading days+0.8%3 of 5
Next 15 trading days+2.5%4 of 5
Next 20 trading days+0.5%3 of 5
Next 30 trading days−0.8%2 of 5

For scale, NFG’s typical 20-trading-day move in either direction is about 3.6%.

National Fuel Gas market cap and key statistics

National Fuel Gas’s market cap is $7.39B, with a P/E ratio of 11 and revenue of $2.51B over the last twelve months.

Valuation

Market cap
$7.39B
P/E ratio
11
Forward P/E
9.8
EPS, TTM
$7.21
Gekko Fair Value
$85.85

Trading

Volume
756,252
Avg volume, 20 days
783,478
52-week high
$97.06
52-week low
$75.17
Shares outstanding
95.05M

Financials

Revenue, TTM
$2.51B
Profit margin
26.9%
Return on equity
19.6%
Quarterly earnings growth, YoY
−11.6%

Risk and income

Beta
0.38
Typical daily move
±2.3%
Typical 20-day move
±3.6%
Dividend yield
2.75%

National Fuel Gas stock news this week

Coverage of National Fuel Gas this week reads positive: 2 positive, 1 neutral and 0 negative headlines.

News sentiment positive

National Fuel Gas peers

National Fuel Gas’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
XOMExxon Mobil−0.2%Neutral11.4% above
CVXChevron−0.3%Accumulation4.2% above
TTETotalEnergies−1.5%Neutral27.5% below
CNQCanadian Natural Resources−1.0%Accumulation23.0% below
SUSuncor Energy−0.5%Neutral19.7% below
EOGEOG Resources−1.2%Accumulation26.7% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

National Fuel Gas stock FAQ

What is National Fuel Gas’s market cap?

National Fuel Gas’s market cap is $7.39B at the Sep 28, 2026 close of $77.76, with 95.05M shares outstanding. The shares trade on a P/E ratio of 11.

What is the National Fuel Gas stock forecast?

The consensus analyst 12-month price target for National Fuel Gas is $92.00, +18.3% from the last close. Of the 2 firms that rated the stock in the last 90 days, 1 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is National Fuel Gas stock overvalued or undervalued?

On Gekko’s estimate National Fuel Gas is undervalued: the Sep 28, 2026 close of $77.76 is 9.4% below Gekko Fair Value of $85.85. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does National Fuel Gas report earnings next?

National Fuel Gas is expected to report on Nov 4, 2026 (36 days away). Analysts expect earnings of $1.07 per share on revenue of $473.3M. National Fuel Gas beat the earnings estimate in 6 of its last 8 reports, moving 2.5% on average across the report.

What is National Fuel Gas’s 52-week high and low?

National Fuel Gas’s 52-week high is $97.06 and its 52-week low is $75.17; it closed at $77.76 on Sep 28, 2026, −16.0% over the past year.

Is National Fuel Gas stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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