Scotiabank raised the firm’s price target on National Fuel (NFG) to $68 from $67 and keeps an Outperform rating on the shares. The firm updated estimates for its U.S. natural gas coverage group. The analyst continues to see a warm winter as a risk to near-term NYMEX prices, with the pending liquified natural gas buildout “as a potential boon.” Scotiabank’s best ideas in the group continue to be Southwestern Energy (SWN) and Range Resources (RRC).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NFG:
- National Fuel sees FY24 EPS $5.40-$5.90, consensus $5.72
- National Fuel reports Q4 adjusted EPS 78c, consensus 85c
- National Fuel Reports Fourth Quarter and Full Year Fiscal 2023 Earnings
- NFG Earnings this Week: How Will it Perform?
- National Fuel Gas Midstream Company Achieves Certification under the Equitable Origin Standard
