EQT Corporation (NYSE:EQT) Receives Average Recommendation of “Buy” from Brokerages

EQT Corporation (NYSE:EQT) has earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $80.45.

EQT has been the topic of several analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $69.00 target price on shares of EQT Corporation in a research note on Tuesday, July 4th. Scotia Howard Weill upgraded shares of EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating and issued a $78.00 target price on shares of EQT Corporation in a research note on Thursday, July 20th. Scotiabank set a $82.00 target price on shares of EQT Corporation and gave the stock a “hold” rating in a research note on Saturday, April 22nd. Finally, BMO Capital Markets set a $70.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th.

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Shares of EQT Corporation (EQT) traded up 1.39% during mid-day trading on Monday, reaching $62.93. 1,313,096 shares of the company’s stock were exchanged. The stock has a market cap of $10.91 billion, a PE ratio of 2247.50 and a beta of 0.77. EQT Corporation has a one year low of $49.63 and a one year high of $75.74. The company has a 50 day moving average price of $61.56 and a 200-day moving average price of $59.89.

EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business had revenue of $631.10 million for the quarter, compared to analyst estimates of $642.21 million. During the same quarter in the previous year, the firm posted ($0.35) earnings per share. EQT Corporation’s quarterly revenue was up 720.1% on a year-over-year basis. On average, analysts predict that EQT Corporation will post $1.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.19%. EQT Corporation’s dividend payout ratio (DPR) is presently 400.13%.

In related news, CEO Steven T. Schlotterbeck bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was bought at an average cost of $52.14 per share, with a total value of $104,280.00. Following the completion of the purchase, the chief executive officer now owns 115,178 shares of the company’s stock, valued at approximately $6,005,380.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Bray Jr. Cary bought 28,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average cost of $53.55 per share, with a total value of $1,499,400.00. Following the completion of the purchase, the director now directly owns 22,627 shares of the company’s stock, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. Insiders have purchased 41,901 shares of company stock valued at $2,211,775 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors boosted its position in EQT Corporation by 32.1% in the first quarter. Nationwide Fund Advisors now owns 560,666 shares of the oil and gas producer’s stock valued at $34,257,000 after buying an additional 136,081 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in EQT Corporation by 16.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 66,963 shares of the oil and gas producer’s stock valued at $4,092,000 after buying an additional 9,233 shares during the last quarter. Commonwealth Financial Services LLC boosted its position in EQT Corporation by 20.2% in the first quarter. Commonwealth Financial Services LLC now owns 11,229 shares of the oil and gas producer’s stock valued at $699,000 after buying an additional 1,890 shares during the last quarter. Bright Rock Capital Management LLC boosted its position in EQT Corporation by 26.3% in the first quarter. Bright Rock Capital Management LLC now owns 24,000 shares of the oil and gas producer’s stock valued at $1,466,000 after buying an additional 5,000 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its position in EQT Corporation by 109.2% in the first quarter. Quantitative Systematic Strategies LLC now owns 32,681 shares of the oil and gas producer’s stock valued at $1,997,000 after buying an additional 17,056 shares during the last quarter. 90.45% of the stock is owned by institutional investors.

EQT Corporation Company Profile

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)

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