National Fuel Gas Market Sentiment

Market sentiment signals for National Fuel Gas (NFG): analyst consensus, short interest, options flow and insider activity.

Key Signals

Analyst Consensus— Underperform

Short Interest▼ 6.5% short float

Options Flow▲ 0.46 P/C ratio

Insider Activity— N/A

Analyst Consensus

Underperform

6 analysts

Options Flow (P/C)

0.46

More calls — Bullish

39 calls · 18 puts

Avg Consensus PT

$94

+28.5%

Highest Price Target

$110

+49.8%

Keybanc

Lowest Price Target

$77

+4.9%

B of A Securities

Short Interest

6.5%

Rising — Bearish

Insider Activity (30d)

—

Short Interest — % of Float

Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Apr 7, 2026	Keybanc	Tim Rezvan—	+49.8%	$110	Initiate	Overweight
Oct 9, 2025	Scotiabank	Cameron Bean—	+44.4%	$102 → $106	Downgrade	Sector Outperform→Sector Perform
Aug 13, 2025	Scotiabank	Cameron Bean—	+38.9%	$98 → $102	Maintained	Sector Outperform
Jul 15, 2025	B of A Securities	Noah Hungness—	+45.7%	$85 → $107	Upgrade	Underperform→Buy
Jul 11, 2025	Scotiabank	Cameron Bean—	+33.5%	$88 → $98	Maintained	Sector Outperform
May 23, 2025	B of A Securities	Asit Sen—	+15.8%	$77 → $85	Maintained	Underperform
Apr 29, 2025	B of A Securities	Kalei Akamine—	+4.9%	$76 → $77	Maintained	Underperform
Mar 13, 2025	JP Morgan	Zach Parham—	+10.3%	$77 → $81	Maintained	Neutral
Jan 13, 2025	B of A Securities	Noah Hungness—	-12.8%	$62 → $64	Maintained	Underperform
Nov 12, 2024	JP Morgan	Zach Parham—	-12.8%	$65 → $64	Maintained	Neutral
Sep 12, 2024	JP Morgan	Zach Parham—	-15.6%	$64 → $62	Maintained	Neutral
Aug 20, 2024	Scotiabank	Cameron Bean—	+10.3%	$80 → $81	Maintained	Sector Outperform
Jul 12, 2024	Scotiabank	Cameron Bean—	+8.9%	$75 → $80	Maintained	Sector Outperform
May 9, 2024	Scotiabank	Cameron Bean—	+2.1%	$72 → $75	Maintained	Sector Outperform
Apr 11, 2024	Scotiabank	Cameron Bean—	-1.9%	$67 → $72	Maintained	Sector Outperform
Jan 28, 2024	B of A Securities	Noah Hungness—	-15.6%	$62	Reinstates	Underperform