National Fuel Net Worth
National Fuel Net Worth Breakdown | NFG |
National Fuel Net Worth Analysis
National Fuel's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including National Fuel's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of National Fuel's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform National Fuel's net worth analysis. One common approach is to calculate National Fuel's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares National Fuel's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing National Fuel's net worth. This approach calculates the present value of National Fuel's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of National Fuel's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate National Fuel's net worth. This involves comparing National Fuel's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into National Fuel's net worth relative to its peers.
Enterprise Value |
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To determine if National Fuel is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding National Fuel's net worth research are outlined below:
| National Fuel Gas has 2.78 B in debt with debt to equity (D/E) ratio of 1.52, which is OK given its current industry classification. National Fuel Gas has a current ratio of 0.52, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for National to invest in growth at high rates of return. | |
| National Fuel Gas has a strong financial position based on the latest SEC filings | |
| Over 77.0% of National Fuel shares are owned by institutional investors | |
| Latest headline from news.google.com: Synergy Asset Management LLC Increases Stock Position in National Fuel Gas - MarketBeat |
National Fuel Quarterly Good Will |
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National Fuel uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in National Fuel Gas. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to National Fuel's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
National Fuel Target Price Consensus
National target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. National Fuel's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 6 | Buy |
Most National analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand National stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of National Fuel Gas, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationNational Fuel Target Price Projection
National Fuel's current and average target prices are 70.03 and 71.25, respectively. The current price of National Fuel is the price at which National Fuel Gas is currently trading. On the other hand, National Fuel's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
National Fuel Market Quote on 1st of February 2025
Target Price
Analyst Consensus On National Fuel Target Price
Know National Fuel's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as National Fuel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading National Fuel Gas backward and forwards among themselves. National Fuel's institutional investor refers to the entity that pools money to purchase National Fuel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Equity Investment Corp | 2024-09-30 | 1.2 M | Bank Of New York Mellon Corp | 2024-09-30 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 1.2 M | Thompson, Siegel & Walmsley Llc | 2024-09-30 | 1.1 M | Norges Bank | 2024-06-30 | 962.1 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 945.8 K | Charles Schwab Investment Management Inc | 2024-09-30 | 920.9 K | Aqr Capital Management Llc | 2024-09-30 | 894.6 K | Northern Trust Corp | 2024-09-30 | 739.2 K | Vanguard Group Inc | 2024-09-30 | 13.1 M | Blackrock Inc | 2024-09-30 | 8.6 M |
Follow National Fuel's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 6.34 B.Market Cap |
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Project National Fuel's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.03 | 0.03 |
When accessing National Fuel's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures National Fuel's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of National Fuel's profitability and make more informed investment decisions.
Evaluate National Fuel's management efficiency
National Fuel Gas has Return on Asset of 0.0549 % which means that on every $100 spent on assets, it made $0.0549 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0267 %, implying that it generated $0.0267 on every 100 dollars invested. National Fuel's management efficiency ratios could be used to measure how well National Fuel manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to 0.01. The current Return On Capital Employed is estimated to decrease to 0.03. At this time, National Fuel's Other Assets are most likely to increase significantly in the upcoming years. The National Fuel's current Net Tangible Assets is estimated to increase to about 2.7 B, while Non Current Assets Total are projected to decrease to roughly 4.9 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 27.93 | 15.22 | |
| Tangible Book Value Per Share | 27.87 | 15.11 | |
| Enterprise Value Over EBITDA | 13.98 | 14.68 | |
| Price Book Value Ratio | 1.76 | 1.69 | |
| Enterprise Value Multiple | 13.98 | 14.68 | |
| Price Fair Value | 1.76 | 1.69 | |
| Enterprise Value | 7.5 B | 4.1 B |
The strategic decisions made by National Fuel management significantly impact its financial stability and market performance. Evaluating these factors helps determine whether the stock is a worthwhile investment.
Enterprise Value Revenue 4.6635 | Revenue | Quarterly Revenue Growth 0.008 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific National Fuel insiders, such as employees or executives, is commonly permitted as long as it does not rely on National Fuel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases National Fuel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
National Fuel Corporate Filings
8K | 30th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 24th of January 2025 Other Reports | ViewVerify | |
F4 | 3rd of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 22nd of November 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
National Fuel Earnings Estimation Breakdown
The calculation of National Fuel's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of National Fuel is estimated to be 2.0611 with the future projection ranging from a low of 1.96 to a high of 2.21. Please be aware that this consensus of annual earnings estimates for National Fuel Gas is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.96 Lowest | Expected EPS | 2.21 Highest |
National Fuel Earnings Projection Consensus
Suppose the current estimates of National Fuel's value are higher than the current market price of the National Fuel stock. In this case, investors may conclude that National Fuel is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and National Fuel's stock will quickly adjusts to the new information provided by the consensus estimate.
| Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
| 6 | 93.55% | 1.66 | 2.0611 | -0.11 |
National Fuel Earnings History
Earnings estimate consensus by National Fuel Gas analysts from Wall Street is used by the market to judge National Fuel's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only National Fuel's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.National Fuel Quarterly Gross Profit |
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National Fuel Earnings per Share Projection vs Actual
Actual Earning per Share of National Fuel refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering National Fuel Gas predict the company's earnings will be in the future. The higher the earnings per share of National Fuel, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.National Fuel Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as National Fuel, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of National Fuel should always be considered in relation to other companies to make a more educated investment decision.National Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact National Fuel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2025-02-05 | 2024-12-31 | 1.5555 | 1.66 | 0.1045 | 6 | ||
2024-11-06 | 2024-09-30 | 0.84 | 0.77 | -0.07 | 8 | ||
2024-07-31 | 2024-06-30 | 0.96 | 0.99 | 0.03 | 3 | ||
2024-05-01 | 2024-03-31 | 1.51 | 1.79 | 0.28 | 18 | ||
2024-02-07 | 2023-12-31 | 1.33 | 1.46 | 0.13 | 9 | ||
2023-11-01 | 2023-09-30 | 0.84 | 0.78 | -0.06 | 7 | ||
2023-08-02 | 2023-06-30 | 0.91 | 1.01 | 0.1 | 10 | ||
2023-05-03 | 2023-03-31 | 1.56 | 1.54 | -0.02 | 1 | ||
2023-02-02 | 2022-12-31 | 1.76 | 1.84 | 0.08 | 4 | ||
2022-11-03 | 2022-09-30 | 1.2 | 1.19 | -0.01 | 0 | ||
2022-08-05 | 2022-06-30 | 1.48 | 1.54 | 0.06 | 4 | ||
2022-05-05 | 2022-03-31 | 1.64 | 1.68 | 0.04 | 2 | ||
2022-02-03 | 2021-12-31 | 1.33 | 1.48 | 0.15 | 11 | ||
2021-11-04 | 2021-09-30 | 0.88 | 0.95 | 0.07 | 7 | ||
2021-08-05 | 2021-06-30 | 0.87 | 0.93 | 0.06 | 6 | ||
2021-05-07 | 2021-03-31 | 1.23 | 1.34 | 0.11 | 8 | ||
2021-02-04 | 2020-12-31 | 0.99 | 1.06 | 0.07 | 7 | ||
2020-11-05 | 2020-09-30 | 0.36 | 0.4 | 0.04 | 11 | ||
2020-08-06 | 2020-06-30 | 0.47 | 0.57 | 0.1 | 21 | ||
2020-04-30 | 2020-03-31 | 0.97 | 0.97 | 0.0 | 0 | ||
2020-01-30 | 2019-12-31 | 0.97 | 1.01 | 0.04 | 4 | ||
2019-10-31 | 2019-09-30 | 0.55 | 0.54 | -0.01 | 1 | ||
2019-08-01 | 2019-06-30 | 0.68 | 0.71 | 0.03 | 4 | ||
2019-05-02 | 2019-03-31 | 1.17 | 1.07 | -0.1 | 8 | ||
2019-01-31 | 2018-12-31 | 1.05 | 1.12 | 0.07 | 6 | ||
2018-11-01 | 2018-09-30 | 0.54 | 0.49 | -0.05 | 9 | ||
2018-08-02 | 2018-06-30 | 0.65 | 0.73 | 0.08 | 12 | ||
2018-05-03 | 2018-03-31 | 1.06 | 1.11 | 0.05 | 4 | ||
2018-02-01 | 2017-12-31 | 0.84 | 1.02 | 0.18 | 21 | ||
2017-11-02 | 2017-09-30 | 0.52 | 0.53 | 0.01 | 1 | ||
2017-08-03 | 2017-06-30 | 0.68 | 0.69 | 0.01 | 1 | ||
2017-05-04 | 2017-03-31 | 1.05 | 1.04 | -0.01 | 0 | ||
2017-02-02 | 2016-12-31 | 0.87 | 1.04 | 0.17 | 19 | ||
2016-11-03 | 2016-09-30 | 0.53 | 0.66 | 0.13 | 24 | ||
2016-08-04 | 2016-06-30 | 0.65 | 0.68 | 0.03 | 4 | ||
2016-04-28 | 2016-03-31 | 0.96 | 0.97 | 0.01 | 1 | ||
2016-02-04 | 2015-12-31 | 0.79 | 0.78 | -0.01 | 1 | ||
2015-11-05 | 2015-09-30 | 0.42 | 0.41 | -0.01 | 2 | ||
2015-08-06 | 2015-06-30 | 0.54 | 0.55 | 0.01 | 1 | ||
2015-04-30 | 2015-03-31 | 0.91 | 1.02 | 0.11 | 12 | ||
2015-01-29 | 2014-12-31 | 0.88 | 1.0 | 0.12 | 13 | ||
2014-11-06 | 2014-09-30 | 0.59 | 0.6 | 0.01 | 1 | ||
2014-08-07 | 2014-06-30 | 0.73 | 0.73 | 0.0 | 0 | ||
2014-05-08 | 2014-03-31 | 1.13 | 1.15 | 0.02 | 1 | ||
2014-02-07 | 2013-12-31 | 0.87 | 0.97 | 0.1 | 11 | ||
2013-11-07 | 2013-09-30 | 0.58 | 0.63 | 0.05 | 8 | ||
2013-08-08 | 2013-06-30 | 0.65 | 0.69 | 0.04 | 6 | ||
2013-05-02 | 2013-03-31 | 0.98 | 1.02 | 0.04 | 4 | ||
2013-02-12 | 2012-12-31 | 0.78 | 0.81 | 0.03 | 3 | ||
2012-11-01 | 2012-09-30 | 0.39 | 0.43 | 0.04 | 10 | ||
2012-08-03 | 2012-06-30 | 0.46 | 0.54 | 0.08 | 17 | ||
2012-05-04 | 2012-03-31 | 0.88 | 0.89 | 0.01 | 1 | ||
2012-02-02 | 2011-12-31 | 0.81 | 0.73 | -0.08 | 9 | ||
2011-11-03 | 2011-09-30 | 0.44 | 0.45 | 0.01 | 2 | ||
2011-08-04 | 2011-06-30 | 0.53 | 0.56 | 0.03 | 5 | ||
2011-05-05 | 2011-03-31 | 0.95 | 1.0 | 0.05 | 5 | ||
2011-02-03 | 2010-12-31 | 0.76 | 0.7 | -0.06 | 7 | ||
2010-11-04 | 2010-09-30 | 0.37 | 0.39 | 0.02 | 5 | ||
2010-08-05 | 2010-06-30 | 0.51 | 0.51 | 0.0 | 0 | ||
2010-05-06 | 2010-03-31 | 0.96 | 0.97 | 0.01 | 1 | ||
2010-02-04 | 2009-12-31 | 0.73 | 0.78 | 0.05 | 6 | ||
2009-11-05 | 2009-09-30 | 0.39 | 0.36 | -0.03 | 7 | ||
2009-08-06 | 2009-06-30 | 0.44 | 0.53 | 0.09 | 20 | ||
2009-04-30 | 2009-03-31 | 0.9 | 0.92 | 0.02 | 2 | ||
2009-02-05 | 2008-12-31 | 0.7 | 0.8 | 0.1 | 14 | ||
2008-11-06 | 2008-09-30 | 0.56 | 0.52 | -0.04 | 7 | ||
2008-08-07 | 2008-06-30 | 0.68 | 0.72 | 0.04 | 5 | ||
2008-05-01 | 2008-03-31 | 1.03 | 1.11 | 0.08 | 7 | ||
2008-02-07 | 2007-12-31 | 0.7 | 0.82 | 0.12 | 17 | ||
2007-11-08 | 2007-09-30 | 0.38 | 0.4 | 0.02 | 5 | ||
2007-08-02 | 2007-06-30 | 0.47 | 0.49 | 0.02 | 4 | ||
2007-05-07 | 2007-03-31 | 0.87 | 0.89 | 0.02 | 2 | ||
2007-02-05 | 2006-12-31 | 0.63 | 0.62 | -0.01 | 1 | ||
2006-11-09 | 2006-09-30 | 0.28 | 0.36 | 0.08 | 28 | ||
2006-08-03 | 2006-06-30 | 0.4 | 0.46 | 0.06 | 15 | ||
2006-05-04 | 2006-03-31 | 0.89 | 0.91 | 0.02 | 2 | ||
2006-02-08 | 2005-12-31 | 0.69 | 0.67 | -0.02 | 2 | ||
2005-10-27 | 2005-09-30 | 0.24 | 0.16 | -0.08 | 33 | ||
2005-07-28 | 2005-06-30 | 0.31 | 0.31 | 0.0 | 0 | ||
2005-04-26 | 2005-03-31 | 0.88 | 0.84 | -0.04 | 4 | ||
2005-01-27 | 2004-12-31 | 0.56 | 0.6 | 0.04 | 7 | ||
2004-10-28 | 2004-09-30 | 0.12 | 0.09 | -0.03 | 25 | ||
2004-07-29 | 2004-06-30 | 0.32 | 0.4 | 0.08 | 25 | ||
2004-04-27 | 2004-03-31 | 0.86 | 0.95 | 0.09 | 10 | ||
2004-01-29 | 2003-12-31 | 0.51 | 0.53 | 0.02 | 3 | ||
2003-07-30 | 2003-06-30 | 0.32 | 0.31 | -0.01 | 3 | ||
2003-04-24 | 2003-03-31 | 0.82 | 0.99 | 0.17 | 20 | ||
2003-01-27 | 2002-12-31 | 0.51 | 0.58 | 0.07 | 13 | ||
2002-10-24 | 2002-09-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2002-07-25 | 2002-06-30 | 0.32 | 0.32 | 0.0 | 0 | ||
2002-04-25 | 2002-03-31 | 0.7 | 0.75 | 0.05 | 7 | ||
2002-01-24 | 2001-12-31 | 0.48 | 0.41 | -0.07 | 14 | ||
2001-10-25 | 2001-09-30 | 0.09 | 0.06 | -0.03 | 33 | ||
2001-07-25 | 2001-06-30 | 0.38 | 0.46 | 0.08 | 21 | ||
2001-04-25 | 2001-03-31 | 0.99 | 0.94 | -0.05 | 5 | ||
2001-01-26 | 2000-12-31 | 0.69 | 0.66 | -0.03 | 4 | ||
2000-10-25 | 2000-09-30 | 0.08 | 0.03 | -0.05 | 62 | ||
2000-07-27 | 2000-06-30 | 0.2 | 0.18 | -0.02 | 10 | ||
2000-04-19 | 2000-03-31 | 0.86 | 0.91 | 0.05 | 5 | ||
2000-01-26 | 1999-12-31 | 0.57 | 0.57 | 0.0 | 0 | ||
1999-10-27 | 1999-09-30 | 0.03 | 0.06 | 0.03 | 100 | ||
1999-07-28 | 1999-06-30 | 0.23 | 0.15 | -0.08 | 34 | ||
1999-04-28 | 1999-03-31 | 0.76 | 0.76 | 0.0 | 0 | ||
1999-01-27 | 1998-12-31 | 0.47 | 0.49 | 0.02 | 4 | ||
1998-10-28 | 1998-09-30 | 0.03 | -0.04 | -0.07 | 233 | ||
1998-07-29 | 1998-06-30 | 0.27 | 0.25 | -0.02 | 7 | ||
1998-04-29 | 1998-03-31 | 0.76 | 0.76 | 0.0 | 0 | ||
1998-03-09 | 1997-12-31 | 0.52 | 0.48 | -0.04 | 7 | ||
null | null | null | null | null | 0 | ||
1997-07-30 | 1997-06-30 | 0.22 | 0.25 | 0.03 | 13 | ||
1997-04-30 | 1997-03-31 | 0.74 | 0.75 | 0.01 | 1 | ||
1997-01-30 | 1996-12-31 | 0.45 | 0.51 | 0.06 | 13 | ||
1996-10-31 | 1996-09-30 | -0.05 | -0.01 | 0.04 | 80 | ||
1996-07-24 | 1996-06-30 | 0.16 | 0.23 | 0.07 | 43 | ||
1996-04-29 | 1996-03-31 | 0.65 | 0.74 | 0.09 | 13 |
National Fuel Corporate Directors
| David Anderson | Independent Director | Profile | |
| Thomas Skains | Independent Director | Profile | |
| Jeffrey Shaw | Lead Independent Director | Profile | |
| Natalie Fischer | Director Relations | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Fuel Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Fuel. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Fuel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.176 | Earnings Share (0.11) | Revenue Per Share | Quarterly Revenue Growth 0.008 | Return On Assets |
The market value of National Fuel Gas is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Fuel's value that differs from its market value or its book value, called intrinsic value, which is National Fuel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Fuel's market value can be influenced by many factors that don't directly affect National Fuel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between National Fuel's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Fuel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Fuel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.