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Upgrade Alert for National Fuel Gas (NFG)

By David Diaz

National Fuel Gas (NYSE:NFG) was upgraded from Hold to Buy at Jefferies today. The stock closed yesterday at $53.72 on volume of 799,000 shares, above average daily volume of 519,000.

National Fuel Gas (NYSE:NFG) has potential upside of 16.3% based on a current price of $53.72 and analysts' consensus price target of $62.50. The stock should find initial support at its 50-day moving average (MA) of $50.60 and further support at its 200-day MA of $49.08.

National Fuel Gas Company is an integrated natural gas company with operations in all segments of the natural gas industry, including utility, pipeline and storage, exploration and production, and marketing operations. The Company operates across the United States.

In the past 52 weeks, shares of National Fuel Gas have traded between a low of $37.03 and a high of $66.07 and closed yesterday at $53.72, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of National Fuel Gas on September 14th, 2016 by issuing a Downtrend alert when the shares were trading at $54.64. Since that call, shares of National Fuel Gas have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades national fuel gas

Ticker(s): NFG