NFG
National Fuel Gas Company Energy - Oil & Gas Integrated Investor Relations →
National Fuel Gas Company (NFG) closed at $85.77 as of 2026-02-02, trading 39.9% above its 200-week moving average of $61.32. The stock moved further from the line this week, up from 36.9% last week. The 14-week RSI sits at 69, indicating neutral momentum.
Over the past 2705 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 $8.2 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 2.3x book value.
Over the past 33.2 years, a hypothetical investment of $100 in NFG would have grown to $1842, compared to $2849 for the S&P 500. NFG has returned 9.2% annualized vs 10.6% 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.
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% | +16826.5% |
| Apr 1975 | May 1975 | 2 | 4.8% | +9.5% | +18093.1% |
| Jul 1975 | Jul 1975 | 1 | 1.2% | +7.8% | +17379.7% |
| Aug 1975 | Sep 1975 | 5 | 2.5% | +15.0% | +17379.7% |
| Sep 1975 | Nov 1975 | 7 | 3.8% | +24.2% | +17848.9% |
| Nov 1975 | Jan 1976 | 6 | 2.4% | +20.1% | +17266.1% |
| Mar 1980 | Jun 1980 | 14 | 17.7% | +29.1% | +14840.7% |
| Nov 1980 | Nov 1980 | 1 | 0.6% | +9.2% | +13544.8% |
| Dec 1980 | Dec 1980 | 1 | 0.6% | +16.3% | +13544.8% |
| Sep 1981 | Oct 1981 | 4 | 9.7% | +7.5% | +13271.9% |
| Feb 1982 | Jun 1982 | 18 | 7.5% | +15.8% | +13139.5% |
| Jun 1982 | Jul 1982 | 2 | 5.0% | +24.1% | +13614.8% |
| Jul 1982 | Aug 1982 | 3 | 5.6% | +23.9% | +13205.4% |
| Nov 1994 | Nov 1994 | 1 | 2.2% | +32.6% | +1878.4% |
| Dec 1994 | Jan 1995 | 6 | 2.4% | +28.6% | +1849.6% |
| Feb 2000 | Feb 2000 | 1 | 1.8% | +34.4% | +913.0% |
| Nov 2001 | Dec 2001 | 1 | 0.6% | -3.0% | +745.0% |
| May 2002 | May 2002 | 2 | 1.6% | +10.3% | +722.4% |
| Jun 2002 | Mar 2003 | 43 | 20.0% | +19.9% | +721.3% |
| Oct 2008 | Jul 2009 | 40 | 27.4% | +68.0% | +395.6% |
| Feb 2012 | Feb 2012 | 1 | 1.0% | +20.4% | +176.4% |
| Mar 2012 | Jul 2012 | 15 | 10.5% | +31.3% | +175.0% |
| Jan 2013 | Jan 2013 | 1 | 1.3% | +50.4% | +161.8% |
| Mar 2015 | Mar 2015 | 1 | 1.6% | -13.1% | +110.5% |
| Jun 2015 | Jan 2017 | 83 | 35.1% | -0.6% | +108.3% |
| Apr 2017 | Jul 2017 | 14 | 7.9% | -0.4% | +115.7% |
| Sep 2017 | Oct 2017 | 2 | 1.0% | +2.5% | +101.6% |
| Dec 2017 | Jan 2018 | 3 | 2.6% | +3.6% | +103.6% |
| Jan 2018 | Jul 2018 | 24 | 10.3% | +4.2% | +102.6% |
| Oct 2018 | Nov 2018 | 1 | 1.7% | -8.2% | +114.5% |
| Dec 2018 | Dec 2018 | 1 | 1.8% | -4.9% | +115.6% |
| Jul 2019 | Mar 2021 | 85 | 32.9% | -12.1% | +121.1% |
| Jun 2023 | Jun 2023 | 1 | 1.5% | +14.5% | +89.2% |
| Nov 2023 | Nov 2023 | 1 | 0.0% | +21.9% | +82.0% |
| Dec 2023 | Mar 2024 | 15 | 8.3% | +24.9% | +81.6% |
| Average | 13 | — | +14.9% | — |
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 Friday close, 2026-02-02