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Taking a Closer Look At National Fuel Gas Co (NFG) Following Its Recent Trade

National Fuel Gas Co’s filing revealed that its General Counsel and Secretary Reville Michael W unloaded Company’s shares for reported $0.1 million on Sep 25 ’24. In the deal valued at $60.77 per share,1,700 shares were sold. As a result of this transaction, Reville Michael W now holds 8,203 shares worth roughly $0.5 million.

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Then, Reville Michael W bought 1,700 shares, generating $103,292 in total proceeds.

Before that, KRAEMER RONALD C sold 7,639 shares. National Fuel Gas Co shares valued at $448,791 were divested by the Chief Operating Officer at a price of $58.75 per share. As a result of the transaction, KRAEMER RONALD C now holds 38,428 shares, worth roughly $2.36 million.

A number of analysts have revised their coverage, including Scotiabank’s analysts, who increased its forecast for the stock in mid September from “a Sector perform” to “a Sector outperform”. Raymond James also remained covering NFG and has decreased its forecast on February 06, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Scotiabank revised its rating on January 17, 2023. It rated NFG as “a Sector perform” which previously was an “a Sector outperform”.

Price Performance Review of NFG

On Monday, National Fuel Gas Co [NYSE:NFG] saw its stock jump 3.47% to $61.47. Over the last five days, the stock has gained 2.79%. National Fuel Gas Co shares have risen nearly 22.52% since the year began. Nevertheless, the stocks have risen 22.30% over the past one year. While a 52-week high of $63.54 was reached on 10/21/24, a 52-week low of $45.32 was recorded on 02/08/24. SMA at 50 days reached $60.63, while 200 days put it at $55.78.

Levels Of Support And Resistance For NFG Stock

The 24-hour chart illustrates a support level at 60.13, which if violated will result in even more drops to 58.79. On the upside, there is a resistance level at 62.27. A further resistance level may holdings at 63.07. The Relative Strength Index (RSI) on the 14-day chart is 53.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.57%. Stochastics %K at 25.94% indicates the stock is a holding.

How much short interest is there in National Fuel Gas Co?

A steep rise in short interest was recorded in National Fuel Gas Co stocks on 2024-10-15, dropping by -0.44 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.15 million shares. There was a decline of -16.15%, which implies that there is a negative sentiment for the stock.

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