National Fuel Gas (NFG) Surges 5.7%: Is This an Indication of Further Gains?

National Fuel Gas (NFG) shares rallied 5.7% in the last trading session to close at $88.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.4% gain over the past four weeks.National Fuel Gas will serve as a key transporter of the natural gas required to fuel the new Shippingport Power Station, which is expected to consume up to 800 million cubic feet per day (MMcf/d). The company intends to effectively utilize its interstate pipeline network to provide reliable deliveries of Appalachian Basin natural gas directly to the facility.  National Fuel Gas is poised to benefit from this secure, high-volume, long-duration transportation revenues and increased pipeline utilization. National Fuel Gas is well-positioned to capitalize on opportunities in artificial intelligence and data centers. It can address the growing demand for gas-fired power production, thanks to its vertically integrated natural gas infrastructure in the low-cost Appalachian Basin.This energy company is expected to post quarterly earnings of $1.46 per share in its upcoming report, which represents a year-over-year change of +47.5%. Revenues are expected to be $617.15 million, up 47.8% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For National Fuel Gas, the consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on NFG going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>National Fuel Gas is part of the Zacks Oil and Gas - Integrated - United States industry. Tidewater (TDW), another stock in the same industry, closed the last trading session 3.4% lower at $48.66. TDW has returned 6.1% in the past month.For Tidewater, the consensus EPS estimate for the upcoming report has changed +17.6% over the past month to $0.28. This represents a change of -70.2% from what the company reported a year ago. Tidewater currently has a Zacks Rank of #3 (Hold).Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity.Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Fuel Gas Company (NFG): Free Stock Analysis Report Tidewater Inc. (TDW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks