EQT (EQT) Earning Somewhat Favorable Media Coverage, Report Shows

News coverage about EQT (NYSE:EQT) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 47.7958703380179 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

EQT has been the subject of several research analyst reports. TheStreet cut shares of EQT from a “c” rating to a “d+” rating in a research report on Monday, April 30th. ValuEngine cut shares of EQT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley raised their target price on shares of EQT from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, April 27th. Jefferies Group reaffirmed a “hold” rating and issued a $57.00 target price on shares of EQT in a research report on Monday, March 19th. Finally, Wolfe Research raised shares of EQT from a “peer perform” rating to an “outperform” rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. EQT presently has an average rating of “Buy” and a consensus price target of $76.08.

NYSE EQT traded up $0.39 during trading hours on Thursday, reaching $53.94. 2,431,300 shares of the company’s stock traded hands, compared to its average volume of 3,445,952. EQT has a 52-week low of $51.98 and a 52-week high of $52.76. The stock has a market cap of $13.87 billion, a P/E ratio of 36.69, a price-to-earnings-growth ratio of 1.73 and a beta of 0.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.07.

EQT (NYSE:EQT) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.54. EQT had a negative net margin of 6.17% and a positive return on equity of 3.45%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $909.42 million. During the same period last year, the company posted $0.25 EPS. EQT’s revenue was up 197.9% on a year-over-year basis. research analysts expect that EQT will post 2.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. EQT’s dividend payout ratio (DPR) is currently 8.16%.

About EQT

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

Insider Buying and Selling by Quarter for EQT (NYSE:EQT)

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