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Stock impact report

Natural Gas Demand Shift Supports JPMorgan's Higher Target for 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 December 8, JPMorgan analyst Zach Parham raised the firm's price target on National Fuel Gas Company (NYSE:NFG) to $96 from $95 and kept a Neutral rating on the shares. The change came as JPMorgan updated its ratings and targets across the exploration and production space for its 2026 outlook. The firm points to growing supply-side risks for oil and liquids. At the same time, it says the “long-awaited demand inflection for natural gas has finally arrived.” Parham adds that the scale of crude oil oversupply, combined with the possibility of an end to the Russia-Ukraine conflict in 2026, creates a “double whammy” for lower oil prices. Earlier in October, National Fuel Gas Company (NYSE:NFG) announced a definitive agreement with CenterPoint Energy Resources Corp., a subsidiary of CenterPoint Energy, to acquire CenterPoint's Ohio natural gas utility business. National Fuel will acquire the equity interests in CNP Ohio for $2.62 billion on a cash-free, debt-free basis, subject to c Show less Read more
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