EQT Corporation (EQT) Given “Buy” Rating at Cowen and Company

Cowen and Company restated their buy rating on shares of EQT Corporation (NYSE:EQT) in a research report report published on Tuesday. Cowen and Company currently has a $80.00 price target on the oil and gas producer’s stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus upped their target price on shares of EQT Corporation from $79.00 to $85.00 and gave the company a buy rating in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a buy rating and set a $86.00 target price on shares of EQT Corporation in a research report on Friday, June 2nd. KLR Group reiterated a buy rating and set a $102.00 target price (up previously from $92.00) on shares of EQT Corporation in a research report on Monday, June 26th. BMO Capital Markets set a $70.00 target price on shares of EQT Corporation and gave the company a buy rating in a research report on Friday, July 28th. Finally, Scotiabank set a $79.00 target price on shares of EQT Corporation and gave the company a buy rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $80.17.

Shares of EQT Corporation (EQT) opened at 62.23 on Tuesday. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The firm’s 50-day moving average is $62.27 and its 200-day moving average is $59.63. The company has a market cap of $10.79 billion, a PE ratio of 2222.50 and a beta of 0.79.

EQT Corporation (NYSE:EQT) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business’s revenue for the quarter was up 720.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) EPS. On average, equities analysts forecast that EQT Corporation will post $0.99 earnings per share for the current fiscal year.

WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2888570/eqt-corporation-eqt-given-buy-rating-at-cowen-and-company.html.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 11th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Wednesday, August 9th. EQT Corporation’s payout ratio is presently 400.13%.

In related news, insider Robert Joseph Mcnally bought 1,500 shares of EQT Corporation stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average cost of $50.00 per share, with a total value of $75,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David E. Jr. Schlosser bought 10,000 shares of EQT Corporation stock in a transaction that occurred on Thursday, June 22nd. The stock was bought at an average cost of $50.96 per share, with a total value of $509,600.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 41,901 shares of company stock valued at $2,211,775. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in EQT. Daiwa Securities Group Inc. boosted its stake in EQT Corporation by 8.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,050 shares of the oil and gas producer’s stock worth $309,000 after purchasing an additional 400 shares during the period. Pictet Asset Management Ltd. boosted its stake in EQT Corporation by 6.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 99,504 shares of the oil and gas producer’s stock worth $6,080,000 after purchasing an additional 6,300 shares during the period. LS Investment Advisors LLC boosted its stake in EQT Corporation by 22.0% in the 1st quarter. LS Investment Advisors LLC now owns 6,385 shares of the oil and gas producer’s stock worth $390,000 after purchasing an additional 1,150 shares during the period. UBS Asset Management Americas Inc. boosted its stake in EQT Corporation by 10.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 435,429 shares of the oil and gas producer’s stock worth $26,605,000 after purchasing an additional 39,811 shares during the period. Finally, British Columbia Investment Management Corp boosted its stake in EQT Corporation by 24.4% in the 1st quarter. British Columbia Investment Management Corp now owns 109,996 shares of the oil and gas producer’s stock worth $6,721,000 after purchasing an additional 21,551 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.