NFG
National Fuel Gas Company Energy - Oil & Gas Integrated Investor Relations →
National Fuel Gas Company (NFG) closed at $91.70 as of 2026-03-20, trading 47.4% above its 200-week moving average of $62.20. The stock is currently moving closer to the line, down from 55.2% last week. The 14-week RSI sits at 68, indicating neutral momentum.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.78 ratio) is neutral — neither side is clearly dominating.
Over the past 2711 weeks of data, NFG has crossed below its 200-week moving average 35 times. On average, these episodes lasted 13 weeks. Historically, investors who bought NFG at the start of these episodes saw an average one-year return of +14.9%.
With a market cap of $8.7 billion, NFG is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 20.7%, indicating strong profitability. The stock trades at 2.4x book value.
Over the past 33.2 years, a hypothetical investment of $100 in NFG would have grown to $1969, compared to $2683 for the S&P 500. NFG has returned 9.4% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 545.8% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NFG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NFG Crosses Below the Line?
Across 22 historical episodes, buying NFG when it crossed below its 200-week moving average produced an average return of +13.1% after 12 months (median +21.0%), compared to +12.3% for the S&P 500 over the same periods. 64% of those episodes were profitable after one year. After 24 months, the average return was +28.0% vs +32.4% for the index.
Each line shows $100 invested at the moment NFG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NFG has crossed below its 200-week MA 35 times with an average 1-year return of +14.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Apr 1975 | 53 | 26.1% | -5.1% | +17996.8% |
| Apr 1975 | May 1975 | 2 | 4.8% | +9.5% | +19351.0% |
| Jul 1975 | Jul 1975 | 1 | 1.2% | +7.8% | +18588.2% |
| Aug 1975 | Sep 1975 | 5 | 2.5% | +15.0% | +18588.2% |
| Sep 1975 | Nov 1975 | 7 | 3.8% | +24.2% | +19089.9% |
| Nov 1975 | Jan 1976 | 6 | 2.4% | +20.1% | +18466.8% |
| Mar 1980 | Jun 1980 | 14 | 17.7% | +29.1% | +15873.7% |
| Nov 1980 | Nov 1980 | 1 | 0.6% | +9.2% | +14488.2% |
| Dec 1980 | Dec 1980 | 1 | 0.6% | +16.3% | +14488.2% |
| Sep 1981 | Oct 1981 | 4 | 9.7% | +7.5% | +14196.5% |
| Feb 1982 | Jun 1982 | 18 | 7.5% | +15.8% | +14054.9% |
| Jun 1982 | Jul 1982 | 2 | 5.0% | +24.1% | +14563.0% |
| Jul 1982 | Aug 1982 | 3 | 5.6% | +23.9% | +14125.3% |
| Nov 1994 | Nov 1994 | 1 | 2.2% | +32.6% | +2015.2% |
| Dec 1994 | Jan 1995 | 6 | 2.4% | +28.6% | +1984.4% |
| Feb 2000 | Feb 2000 | 1 | 1.8% | +34.4% | +983.1% |
| Nov 2001 | Dec 2001 | 1 | 0.6% | -3.0% | +803.4% |
| May 2002 | May 2002 | 2 | 1.6% | +10.3% | +779.2% |
| Jun 2002 | Mar 2003 | 43 | 20.0% | +19.9% | +778.1% |
| Oct 2008 | Jul 2009 | 40 | 27.4% | +68.0% | +429.8% |
| Feb 2012 | Feb 2012 | 1 | 1.0% | +20.4% | +195.5% |
| Mar 2012 | Jul 2012 | 15 | 10.5% | +31.3% | +194.0% |
| Jan 2013 | Jan 2013 | 1 | 1.3% | +50.4% | +179.9% |
| Mar 2015 | Mar 2015 | 1 | 1.6% | -13.1% | +125.1% |
| Jun 2015 | Jan 2017 | 83 | 35.1% | -0.6% | +122.7% |
| Apr 2017 | Jul 2017 | 14 | 7.9% | -0.4% | +130.6% |
| Sep 2017 | Oct 2017 | 2 | 1.0% | +2.5% | +115.6% |
| Dec 2017 | Jan 2018 | 3 | 2.6% | +3.6% | +117.7% |
| Jan 2018 | Jul 2018 | 24 | 10.3% | +4.2% | +116.6% |
| Oct 2018 | Nov 2018 | 1 | 1.7% | -8.2% | +129.4% |
| Dec 2018 | Dec 2018 | 1 | 1.8% | -4.9% | +130.5% |
| Jul 2019 | Mar 2021 | 85 | 32.9% | -12.1% | +136.4% |
| Jun 2023 | Jun 2023 | 1 | 1.5% | +14.5% | +102.3% |
| Nov 2023 | Nov 2023 | 1 | 0.0% | +21.9% | +94.6% |
| Dec 2023 | Mar 2024 | 15 | 8.3% | +24.9% | +94.1% |
| Average | 13 | — | +14.9% | — |
Frequently Asked Questions
Is NFG below its 200-week moving average?
No. National Fuel Gas Company (NFG) is currently 47.4% above its 200-week moving average of $62.20. It would need to fall to $62.20 to cross below the line.
What is NFG's 200-week moving average price?
National Fuel Gas Company's 200-week moving average is $62.20 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NFG drops below its 200-week moving average?
NFG has crossed below its 200-week moving average 35 times in our data. On average, buying at that moment produced a one-year return of +14.9%. These dips have historically been decent entry points. These episodes lasted 13 weeks on average.
Is NFG a good value right now?
Here's what our data says about NFG as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 68. Free cash flow is currently negative. Return on equity is 20.7%. Price-to-book is 2.4x. This is not a buy or sell recommendation — always do your own research.
How does NFG compare to the S&P 500?
Over the past 33.2 years, $100 invested in NFG would have grown to $1969, compared to $2683 for the S&P 500. That's 9.4% annualized vs 10.4% for the index. NFG has underperformed the broader market over this period.
Does NFG pay a dividend?
Yes. National Fuel Gas Company currently pays a dividend yield of 233.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20