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, bullish technical indicators, and positive sentiment on natural gas prices in the near term outweigh the lack of recent proprietary trading signals and hedge fund selling activity. The pre-market price of $89.03 is within a reasonable range for entry.
The stock is showing bullish technical indicators. The MACD histogram is positive and expanding (0.185), the RSI (70.952) is in a neutral zone, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at R1: 89.583 and R2: 90.803, with support at S1: 85.636 and S2: 84.416.
Strong financial performance in Q1 2026, with revenue up 18.57% YoY and net income up 303.78% YoY. EPS also increased significantly by 304.08% YoY.
Analysts expect natural gas prices to rise due to supply deficits in the U.S. and Western Canada.
Bullish technical indicators support a positive price trend.
Hedge funds are selling, with a significant increase in selling activity (3411.65% over the last quarter).
Analysts have lowered price targets recently, with Scotiabank reducing it to $101 and BofA to $99, citing potential oversupply risks in 2027.
In Q1 2026, National Fuel Gas Co reported strong financial growth. Revenue increased by 18.57% YoY to $651,507,000, net income surged by 303.78% YoY to $181,645,000, and EPS rose by 304.08% YoY to 1.98. However, gross margin slightly declined by -0.12% YoY to 68.13.
Analysts are mixed. Scotiabank maintains a Sector Perform rating with a price target of $101, citing supply deficits and bullish natural gas sentiment. BofA has an Underperform rating with a price target of $99, citing oversupply risks in 2027. JPMorgan has a Neutral rating with a price target of $96, highlighting demand inflection for natural gas but potential crude oil oversupply risks.
