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.
TRADEMARK VIOLATION NOTICE: This story was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.com-unik.info/2017/08/11/eqt-corporation-nyseeqt-given-consensus-recommendation-of-buy-by-analysts-updated-updated-updated.html.
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.
What are top analysts saying about EQT Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for EQT Corporation and related companies.