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▲ 6.1% short float

Options Flow▲ 0.06 P/C ratio

Insider Activity— N/A

Analyst Consensus

Underperform

6 analysts

Options Flow (P/C)

0.06

More calls — Bullish

17 calls · 1 puts

Avg Consensus PT

$94

+16.2%

Highest Price Target

$110

+35.5%

Keybanc

Lowest Price Target

$77

-5.2%

B of A Securities

Short Interest

6.1%

Declining — Bullish

Insider Activity (30d)

—

Short Interest — % of Float

Date	Firm	Analyst & Accuracy	Upside / Downside	PT Change	Action	Rating
Apr 7, 2026	Keybanc	Tim Rezvan—	+35.5%	$110	Initiate	Overweight
Oct 9, 2025	Scotiabank	Cameron Bean—	+30.5%	$102 → $106	Downgrade	Sector Outperform→Sector Perform
Aug 13, 2025	Scotiabank	Cameron Bean—	+25.6%	$98 → $102	Maintained	Sector Outperform
Jul 15, 2025	B of A Securities	Noah Hungness—	+31.8%	$85 → $107	Upgrade	Underperform→Buy
Jul 11, 2025	Scotiabank	Cameron Bean—	+20.7%	$88 → $98	Maintained	Sector Outperform
May 23, 2025	B of A Securities	Asit Sen—	+4.7%	$77 → $85	Maintained	Underperform
Apr 29, 2025	B of A Securities	Kalei Akamine—	-5.2%	$76 → $77	Maintained	Underperform
Mar 13, 2025	JP Morgan	Zach Parham—	-0.3%	$77 → $81	Maintained	Neutral
Jan 13, 2025	B of A Securities	Noah Hungness—	-21.2%	$62 → $64	Maintained	Underperform
Nov 12, 2024	JP Morgan	Zach Parham—	-21.2%	$65 → $64	Maintained	Neutral
Sep 12, 2024	JP Morgan	Zach Parham—	-23.7%	$64 → $62	Maintained	Neutral
Aug 20, 2024	Scotiabank	Cameron Bean—	-0.3%	$80 → $81	Maintained	Sector Outperform
Jul 12, 2024	Scotiabank	Cameron Bean—	-1.5%	$75 → $80	Maintained	Sector Outperform
May 9, 2024	Scotiabank	Cameron Bean—	-7.6%	$72 → $75	Maintained	Sector Outperform
Apr 11, 2024	Scotiabank	Cameron Bean—	-11.3%	$67 → $72	Maintained	Sector Outperform
Jan 28, 2024	B of A Securities	Noah Hungness—	-23.7%	$62	Reinstates	Underperform
Sep 14, 2023	Scotiabank	Cameron Bean—	-16.3%	$68	Upgrade	Sector Perform→Sector Outperform