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Stock impact report

BofA Flags Rising Oversupply Risk in Natural Gas, Trims View on National Fuel Gas (NFG) [Yahoo! Finance]

National Fuel Gas Company (NFG) 
Last national fuel gas company earnings: 4/30 04:45 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On January 16, BofA trimmed its price target on National Fuel Gas Company (NYSE:NFG) to $99 from $102. It maintained an Underperform rating on the stock. The firm noted that optimism around natural gas has stayed strong for roughly the past 18 months, but it believes the market could start facing a higher risk of oversupply by 2027. That view, along with lower gas price forecasts, led BofA to cut its price targets across the gas-heavy E&P group by an average of about 12%. On December 31, National Fuel Gas Distribution filed its annual Purchased Gas Cost update with the Pennsylvania PUC, projecting higher natural gas supply costs for Aug. 1, 2026, through July 31, 2027. If approved, overall gas supply charges would rise by about $71.49 per year, increasing a typical residential customer's bill from $87.18 to $93.13 per month (a 6.83% increase) starting Aug. 1, 2026. The company attributes the increase mainly to expected higher natural gas purchase and transmission costs, with NYME Show less Read more
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