Shares of EQT Corp. (NYSE:EQT) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$78.18.
EQT has been the subject of a number of research reports. Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, August 26th. GMP Securities initiated coverage on EQT Corp. in a report on Wednesday. They set a “buy” rating and a $92.00 target price on the stock. Jefferies Group raised their target price on EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, July 29th. Zacks Investment Research upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, July 5th. Finally, Deutsche Bank AG lowered EQT Corp. from a “buy” rating to a “hold” rating and cut their target price for the company from $81.00 to $79.00 in a report on Monday, June 13th.
Shares of EQT Corp. (NYSE:EQT) traded down 1.29% on Thursday, reaching $69.37. The company had a trading volume of 1,198,844 shares. The firm’s market capitalization is $11.98 billion. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The company has a 50-day moving average price of $71.42 and a 200-day moving average price of $71.35.
EQT Corp. (NYSE:EQT) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The firm earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The business’s revenue for the quarter was down 71.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.06) earnings per share. Equities research analysts forecast that EQT Corp. will post ($0.62) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date was Wednesday, August 10th. EQT Corp.’s payout ratio is -5.66%.
A number of large investors have recently added to or reduced their stakes in EQT. Oakbrook Investments LLC increased its stake in EQT Corp. by 25.2% in the second quarter. Oakbrook Investments LLC now owns 11,415 shares of the company’s stock worth $884,000 after buying an additional 2,300 shares during the last quarter. Legal & General Group Plc increased its stake in EQT Corp. by 7.4% in the first quarter. Legal & General Group Plc now owns 653,976 shares of the company’s stock worth $43,984,000 after buying an additional 45,037 shares during the last quarter. Cleararc Capital Inc. bought a new stake in EQT Corp. during the first quarter worth $263,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in EQT Corp. by 75.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,250 shares of the company’s stock worth $1,491,000 after buying an additional 8,300 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in EQT Corp. during the second quarter worth $16,265,000. 87.73% of the stock is currently owned by institutional investors.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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