EQT Corporation (EQT) Receives Consensus Recommendation of “Buy” from Brokerages

EQT Corporation (NYSE:EQT) has been assigned an average rating of “Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $83.30.

A number of research analysts have weighed in on EQT shares. Tudor Pickering raised shares of EQT Corporation from a “hold” rating to a “buy” rating in a research report on Monday, March 13th. Stifel Nicolaus started coverage on shares of EQT Corporation in a research report on Thursday, March 23rd. They set a “buy” rating and a $63.00 target price for the company. Royal Bank Of Canada set a $86.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. TheStreet lowered shares of EQT Corporation from a “c-” rating to a “d+” rating in a research report on Thursday, March 23rd. Finally, Jefferies Group LLC set a $66.00 target price on shares of EQT Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st.

In related news, insider M Elise Hyland sold 3,479 shares of the stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $60.56, for a total value of $210,688.24. Following the transaction, the insider now directly owns 15,941 shares in the company, valued at $965,386.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director A. Bray Jr. Cary acquired 421 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was acquired at an average price of $61.10 per share, for a total transaction of $25,723.10. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

A number of large investors have recently bought and sold shares of EQT. Vanguard Group Inc. raised its stake in EQT Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 17,207,739 shares of the oil and gas producer’s stock valued at $1,051,393,000 after buying an additional 522,164 shares during the period. BlackRock Inc. raised its stake in EQT Corporation by 3,346.4% in the first quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock valued at $832,575,000 after buying an additional 13,231,032 shares during the period. State Street Corp raised its stake in EQT Corporation by 13.6% in the first quarter. State Street Corp now owns 10,635,812 shares of the oil and gas producer’s stock valued at $649,846,000 after buying an additional 1,270,294 shares during the period. American Century Companies Inc. raised its stake in EQT Corporation by 9.1% in the first quarter. American Century Companies Inc. now owns 9,035,038 shares of the oil and gas producer’s stock valued at $552,041,000 after buying an additional 756,782 shares during the period. Finally, OZ Management LP purchased a new stake in EQT Corporation during the first quarter valued at $281,711,000. Institutional investors own 90.78% of the company’s stock.

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EQT Corporation (NYSE EQT) traded down 2.0697% on Tuesday, reaching $52.4025. The company’s stock had a trading volume of 5,075,112 shares. EQT Corporation has a 1-year low of $51.53 and a 1-year high of $80.61. The stock has a 50 day moving average price of $56.42 and a 200-day moving average price of $61.31. The company’s market capitalization is $9.08 billion.

EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. The business had revenue of $897.50 million during the quarter, compared to the consensus estimate of $713.65 million. EQT Corporation had a positive return on equity of 0.18% and a negative net margin of 15.03%. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities analysts predict that EQT Corporation will post $1.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.12 annualized dividend and a yield of 0.22%. EQT Corporation’s dividend payout ratio is currently -6.82%.

About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EQT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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