EQT Co. (NYSE:EQT) – Equities researchers at US Capital Advisors lowered their Q1 2018 earnings estimates for shares of EQT in a report issued on Monday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and gas producer will post earnings per share of $0.20 for the quarter, down from their previous forecast of $0.27.
EQT has been the subject of a number of other research reports. SunTrust Banks reissued a “hold” rating and issued a $65.00 price objective on shares of EQT in a research report on Friday, December 8th. Morgan Stanley lowered their price objective on EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Credit Suisse Group started coverage on EQT in a research report on Monday, December 11th. They issued an “outperform” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. raised their target price on EQT from $75.00 to $81.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Citigroup restated a “buy” rating and issued a $79.00 target price on shares of EQT in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $76.77.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Tuesday, February 13th. EQT’s dividend payout ratio is currently 57.15%.
In other news, Chairman David L. Porges sold 53,760 shares of EQT stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the sale, the chairman now owns 438,601 shares of the company’s stock, valued at approximately $25,938,863.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas F. Karam purchased 10,000 shares of EQT stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $59.26 per share, for a total transaction of $592,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $1,185,200. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Calton & Associates Inc. purchased a new stake in EQT in the fourth quarter valued at approximately $104,000. NuWave Investment Management LLC purchased a new stake in shares of EQT during the fourth quarter worth $126,000. Zeke Capital Advisors LLC purchased a new stake in shares of EQT during the third quarter worth $212,000. FNY Partners Fund LP purchased a new stake in shares of EQT during the fourth quarter worth $220,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of EQT during the fourth quarter worth $263,000.
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.
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