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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.01
NFG's Cash to Debt is ranked higher than
53% of the 857 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.73 vs. NFG: 0.01 )
NFG' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.37
Current: 0.01

0.01
0.37
Equity to Asset 0.36
NFG's Equity to Asset is ranked higher than
64% of the 873 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. NFG: 0.36 )
NFG' s 10-Year Equity to Asset Range
Min: 0.27   Max: 0.42
Current: 0.36

0.27
0.42
Interest Coverage 5.50
NFG's Interest Coverage is ranked higher than
67% of the 568 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 15.61 vs. NFG: 5.50 )
NFG' s 10-Year Interest Coverage Range
Min: 1.27   Max: 6.57
Current: 5.5

1.27
6.57
F-Score: 6
Z-Score: 1.71
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 28.30
NFG's Operating margin (%) is ranked higher than
90% of the 884 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.97 vs. NFG: 28.30 )
NFG' s 10-Year Operating margin (%) Range
Min: 8.65   Max: 28.3
Current: 28.3

8.65
28.3
Net-margin (%) 14.21
NFG's Net-margin (%) is ranked higher than
86% of the 884 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.79 vs. NFG: 14.21 )
NFG' s 10-Year Net-margin (%) Range
Min: 1.86   Max: 16.55
Current: 14.21

1.86
16.55
ROE (%) 11.85
NFG's ROE (%) is ranked higher than
91% of the 954 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.51 vs. NFG: 11.85 )
NFG' s 10-Year ROE (%) Range
Min: 2.61   Max: 20.7
Current: 11.85

2.61
20.7
ROA (%) 4.18
NFG's ROA (%) is ranked higher than
87% of the 992 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.72 vs. NFG: 4.18 )
NFG' s 10-Year ROA (%) Range
Min: 0.86   Max: 8.68
Current: 4.18

0.86
8.68
ROC (Joel Greenblatt) (%) 9.90
NFG's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 978 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.65 vs. NFG: 9.90 )
NFG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.8   Max: 14.68
Current: 9.9

4.8
14.68
Revenue Growth (%) 0.60
NFG's Revenue Growth (%) is ranked higher than
72% of the 661 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 11.20 vs. NFG: 0.60 )
NFG' s 10-Year Revenue Growth (%) Range
Min: -22   Max: 36.4
Current: 0.6

-22
36.4
EBITDA Growth (%) 9.20
NFG's EBITDA Growth (%) is ranked higher than
81% of the 606 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.90 vs. NFG: 9.20 )
NFG' s 10-Year EBITDA Growth (%) Range
Min: -25.5   Max: 43.4
Current: 9.2

-25.5
43.4
EPS Growth (%) 5.10
NFG's EPS Growth (%) is ranked higher than
79% of the 516 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.20 vs. NFG: 5.10 )
NFG' s 10-Year EPS Growth (%) Range
Min: -25.6   Max: 46.1
Current: 5.1

-25.6
46.1
» NFG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

NFG Guru Trades in Q1 2013

John Keeley 4,820 sh (New)
Mario Gabelli 3,811,253 sh (+0.43%)
Private Capital 346,829 sh (+0.42%)
Chuck Royce 61,676 sh (unchged)
Steven Cohen Sold Out
Jim Simons Sold Out
Pioneer Investments 333,216 sh (-12.06%)
George Soros 195,048 sh (-32.74%)
» More
Q2 2013

NFG Guru Trades in Q2 2013

Steven Cohen 5,364 sh (New)
John Keeley 5,000 sh (+3.73%)
Chuck Royce 61,676 sh (unchged)
George Soros Sold Out
Pioneer Investments 332,316 sh (-0.27%)
Private Capital 345,304 sh (-0.44%)
Mario Gabelli 3,760,391 sh (-1.33%)
» More
Q3 2013

NFG Guru Trades in Q3 2013

John Keeley 5,500 sh (+10%)
Chuck Royce 61,676 sh (unchged)
Steven Cohen Sold Out
Pioneer Investments 331,468 sh (-0.26%)
Mario Gabelli 3,699,513 sh (-1.62%)
Private Capital 332,940 sh (-3.58%)
» More
Q4 2013

NFG Guru Trades in Q4 2013

Steven Cohen 4,241 sh (New)
Mario Gabelli 3,806,151 sh (+2.88%)
John Keeley 5,500 sh (unchged)
Chuck Royce 61,676 sh (unchged)
Pioneer Investments 329,032 sh (-0.73%)
Private Capital 159,827 sh (-52%)
» More
» Details

Insider Trades

Latest Guru Trades with NFG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2013-06-30 Sold Out 0.14%$57.29 - $64 $ 70.6216%0
George Soros 2013-03-31 Reduce -32.74%0.06%$48.69 - $61.35 $ 70.6226%195048
John Keeley 2013-03-31 New Buy0.01%$48.69 - $61.35 $ 70.6226%4820
George Soros 2012-12-31 Add 208.51%0.12%$49.1 - $54.31 $ 70.6235%290000
Michael Price 2012-09-30 Sold Out 0.67%$46.29 - $54.54 $ 70.6241%0
George Soros 2012-09-30 Reduce -33.94%0.03%$46.29 - $54.54 $ 70.6241%94000
George Soros 2012-06-30 New Buy0.1%$42.13 - $48.14 $ 70.6257%142294
John Keeley 2012-06-30 Sold Out 0.01%$42.13 - $48.14 $ 70.6257%0
John Keeley 2012-03-31 Reduce -91.91%0.09%$47.19 - $55.75 $ 70.6251%6720
Ray Dalio 2011-12-31 Sold Out 0.02%$46.18 - $63.58 $ 70.6224%0
Ray Dalio 2011-09-30 New Buy0.02%$50.31 - $75.38 $ 70.6212%24383
Mario Gabelli 2011-03-31 Reduce -47.22%1.45%$65.62 - $73.43 $ 70.621%3050808
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on National Fuel Gas Company

Mario Gabelli Comments on National Fuel Gas Co. - Feb 19, 2014

National Fuel Gas Co. (2.1%) (NFG)($71.40 - NYSE) is a diversified natural gas company. NFG owns a regulated gas utility serving the region around Buffalo, NY; gas pipelines that move gas between the Midwest and Canada and from the Marcellus to the Northeast; and an oil and gas exploration and production business. NFG's regulated utility and pipeline businesses, as well as its California oil production business, provide stable earnings and cash flows to support the dividend, while the natural gas production business offers significant upside potential. NFG's ownership of 800,000 acres in the Marcellus shale, including 745,000 acres in the shale fairway of Pennsylvania, holds enormous natural gas reserve potential, and we believe the position could be worth $3.4 billion, based on recent comparable transactions. Despite the decline in natural gas prices leading to lower production levels, we continue to expect significant long-term earnings and cash flow growth from gas production, and we remain excited about the expansion or financial engineering potential of the strategically located pipeline network. The company has increased its dividend for over forty consecutive years.



From the Gabelli Value 25 Fund fourth quarter 2013 commentary.



Check out Mario Gabelli latest stock trades

Top Ranked Articles about National Fuel Gas Company

Mario Gabelli Comments on National Fuel Gas Co.
National Fuel Gas Co. (2.1%) (NFG)($71.40 - NYSE) is a diversified natural gas company. NFG owns a regulated gas utility serving the region around Buffalo, NY; gas pipelines that move gas between the Midwest and Canada and from the Marcellus to the Northeast; and an oil and gas exploration and production business. NFG's regulated utility and pipeline businesses, as well as its California oil production business, provide stable earnings and cash flows to support the dividend, while the natural gas production business offers significant upside potential. NFG's ownership of 800,000 acres in the Marcellus shale, including 745,000 acres in the shale fairway of Pennsylvania, holds enormous natural gas reserve potential, and we believe the position could be worth $3.4 billion, based on recent comparable transactions. Despite the decline in natural gas prices leading to lower production levels, we continue to expect significant long-term earnings and cash flow growth from gas production, and we remain excited about the expansion or financial engineering potential of the strategically located pipeline network. The company Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 21.80
NFG's P/E(ttm) is ranked higher than
68% of the 469 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 21.70 vs. NFG: 21.80 )
NFG' s 10-Year P/E(ttm) Range
Min: 9.24   Max: 38.96
Current: 21.8

9.24
38.96
P/B 2.60
NFG's P/B is ranked lower than
51% of the 941 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.50 vs. NFG: 2.60 )
NFG' s 10-Year P/B Range
Min: 1.32   Max: 3.42
Current: 2.6

1.32
3.42
P/S 3.10
NFG's P/S is ranked higher than
61% of the 892 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.50 vs. NFG: 3.10 )
NFG' s 10-Year P/S Range
Min: 0.94   Max: 3.59
Current: 3.1

0.94
3.59
PFCF 180.90
NFG's PFCF is ranked lower than
68% of the 238 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 15.80 vs. NFG: 180.90 )
NFG' s 10-Year PFCF Range
Min: 8.44   Max: 1259.8
Current: 180.9

8.44
1259.8
EV-to-EBIT 13.70
NFG's EV-to-EBIT is ranked higher than
71% of the 639 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 17.12 vs. NFG: 13.70 )
NFG' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 21.1
Current: 13.7

7.1
21.1
PEG 1.40
NFG's PEG is ranked higher than
60% of the 233 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.03 vs. NFG: 1.40 )
NFG' s 10-Year PEG Range
Min: 0.72   Max: 220.31
Current: 1.4

0.72
220.31
Shiller P/E 25.10
NFG's Shiller P/E is ranked higher than
64% of the 321 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 24.56 vs. NFG: 25.10 )
NFG' s 10-Year Shiller P/E Range
Min: 12.96   Max: 33.34
Current: 25.1

12.96
33.34

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.12
NFG's Dividend Yield is ranked lower than
63% of the 284 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.36 vs. NFG: 2.12 )
NFG' s 10-Year Dividend Yield Range
Min: 1.83   Max: 4.79
Current: 2.12

1.83
4.79
Dividend Payout 0.46
NFG's Dividend Payout is ranked higher than
75% of the 214 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.58 vs. NFG: 0.46 )
NFG' s 10-Year Dividend Payout Range
Min: -1.09   Max: 218
Current: 0.46

-1.09
218
Dividend growth (3y) 2.90
NFG's Dividend growth (3y) is ranked higher than
79% of the 167 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.60 vs. NFG: 2.90 )
NFG' s 10-Year Dividend growth (3y) Range
Min: 2.9   Max: 3.9
Current: 2.9

2.9
3.9
Yield on cost (5-Year) 2.42
NFG's Yield on cost (5-Year) is ranked lower than
55% of the 297 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.01 vs. NFG: 2.42 )
NFG' s 10-Year Yield on cost (5-Year) Range
Min: 2.11   Max: 5.53
Current: 2.42

2.11
5.53
Share Buyback Rate -0.70
NFG's Share Buyback Rate is ranked higher than
91% of the 792 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.80 vs. NFG: -0.70 )
NFG' s 10-Year Share Buyback Rate Range
Min: 22   Max: -31
Current: -0.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.60
NFG's Price/Tangible Book is ranked lower than
52% of the 919 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.60 vs. NFG: 2.60 )
NFG' s 10-Year Price/Tangible Book Range
Min: 1.23   Max: 3.37
Current: 2.6

1.23
3.37
Price/DCF (Projected) 3.80
NFG's Price/DCF (Projected) is ranked lower than
58% of the 263 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.70 vs. NFG: 3.80 )
NFG' s 10-Year Price/DCF (Projected) Range
Min: 0.86   Max: 4.08
Current: 3.8

0.86
4.08
Price/Median PS Value 1.60
NFG's Price/Median PS Value is ranked lower than
64% of the 821 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.90 vs. NFG: 1.60 )
NFG' s 10-Year Price/Median PS Value Range
Min: 0.45   Max: 1.87
Current: 1.6

0.45
1.87
Price/Peter Lynch Fair Value 1.70
NFG's Price/Peter Lynch Fair Value is ranked higher than
64% of the 125 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 vs. NFG: 1.70 )
NFG' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.51   Max: 11.19
Current: 1.7

0.51
11.19
Price/Graham Number 1.60
NFG's Price/Graham Number is ranked higher than
65% of the 460 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. NFG: 1.60 )
NFG' s 10-Year Price/Graham Number Range
Min: 0.86   Max: 3.17
Current: 1.6

0.86
3.17
Earnings Yield (Greenblatt) 7.30
NFG's Earnings Yield (Greenblatt) is ranked higher than
75% of the 656 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.70 vs. NFG: 7.30 )
NFG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.8   Max: 14.1
Current: 7.3

4.8
14.1
Forward Rate of Return (Yacktman) 12.13
NFG's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 753 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -12.50 vs. NFG: 12.13 )
NFG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.7   Max: 17.4
Current: 12.13

2.7
17.4

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY » details
Traded in other countries:NFG.Germany
National Fuel Gas Company, incorporated in 1902, is a holding company organized under the laws of the State of New Jersey. It is a diversified energy Company consisting of four business segments; the Utility segment, the Pipeline and Storage segment, the Exploration and Production segment and the Energy Marketing segment. The Utility segment operations are carried out by National Fuel Gas Distribution Corporation. Distribution Corporation sells natural gas or provides natural gas transportation services to approximately 727,000 customers through a local distribution system located in western New York and northwestern Pennsylvania. The Pipeline and Storage segment operations are carried out by National Fuel Gas Supply Corporation a Pennsylvania corporation, and Empire Pipeline, Inc. (Empire), a New York corporation. Supply Corporation provides interstate natural gas transportation and storage services for affiliated and nonaffiliated companies. Exploration and Production segment operations are carried out by Seneca Resources Corporation a Pennsylvania corporation. Seneca is engaged in the exploration for, and the development and purchase of, natural gas and oil reserves in California, in the Appalachian region of the United States, and in the Gulf Coast region of Texas and Louisiana, including offshore areas in federal waters and some state waters. The Energy Marketing segment operations are carried out by National Fuel Resources, Inc. a New York corporation, which markets natural gas to industrial, wholesale, commercial, public authority and residential customers mainly in western and central New York and northwestern Pennsylvania, offering competitively priced natural gas for its customers. Natural gas is the raw material for the Utility segment. Competition in the natural gas industry exists among providers of natural gas, as well as between natural gas and other sources of energy. It also competes with other oil and natural gas producers and marketers with respect to sales of oil and natural gas. The Company's business operations are subject to federal, state, and local laws and regulations relating to environmental protection.

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