National Fuel Gas Company (NFG)

National Fuel Gas Company Stock Forecast

Stock Price Forecast

The 5 analysts that cover National Fuel Gas Company stock have a consensus rating of "Hold" and an average price target of $97, which forecasts a 8.39% increase in the stock price over the next year. The lowest target is $77 and the highest is $110.

Price Target: $97 (+8.39%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$77	$97	$106	$110
Change	-13.96%	+8.39%	+18.45%	+22.92%

Analyst Ratings

The average analyst rating for National Fuel Gas Company stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	1
Hold	2	2	2	2	2	1
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tim Rezvan Keybanc	Keybanc	Buy Initiates $110	Buy	Initiates	$110	+22.92%	Apr 7, 2026
Cameron Bean Scotiabank	Scotiabank	Buy → Hold Downgrades $102 → $106	Buy → Hold	Downgrades	$102 → $106	+18.45%	Oct 9, 2025
Cameron Bean Scotiabank	Scotiabank	Buy Maintains $98 → $102	Buy	Maintains	$98 → $102	+13.98%	Aug 13, 2025
Noah Hungness B of A Securities	B of A Securities	Sell → Strong Buy Upgrades $85 → $107	Sell → Strong Buy	Upgrades	$85 → $107	+19.57%	Jul 15, 2025
Cameron Bean Scotiabank	Scotiabank	Buy Maintains $88 → $98	Buy	Maintains	$88 → $98	+9.51%	Jul 11, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.65B

Increased by 16.13%

from 2.28B

Revenue Next Year

3.28B

Increased by 23.93%

from 2.65B

EPS This Year

8.07

Increased by 42.15%

from 5.68

EPS Next Year

8.39

Increased by 3.90%

from 8.07

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	1.74B	2.19B	2.17B	1.94B	2.28B	2.65B	3.28B
Revenue Growth	12.70%	25.44%	-0.56%	-10.53%	17.11%	16.13%	23.93%
EPS	3.97	6.15	5.17	0.84	5.68	8.07	8.39
EPS Growth	-	54.91%	-15.94%	-83.75%	576.19%	42.15%	3.90%
Forward PE	-	-	-	-	-	11.08	10.67
No. Analysts	-	-	-	-	-	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	2.9B	3.7B
Avg	2.6B	3.3B
Low	2.4B	2.7B

Revenue Growth

Revenue Growth	2026	2027	2028
High	26.1%	41.5%
Avg	16.1%	23.9%
Low	7.2%	3.3%

EPS Forecast

EPS	2026	2027	2028
High	8.88	10.32
Avg	8.07	8.39
Low	7.60	6.76

EPS Growth

EPS Growth	2026	2027	2028
High	56.4%	27.8%
Avg	42.1%	3.9%
Low	33.9%	-16.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.