EQT (EQT) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of EQT (NYSE:EQT) in a research report report published on Wednesday. The brokerage issued a buy rating and a $65.00 price objective on the oil and gas producer’s stock.

Several other analysts have also recently weighed in on the stock. Jefferies Group reaffirmed a hold rating and set a $57.00 price objective on shares of EQT in a research note on Monday, March 19th. TheStreet cut shares of EQT from a c rating to a d+ rating in a research note on Monday, April 30th. Morgan Stanley decreased their price objective on shares of EQT from $63.00 to $59.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada raised shares of EQT from a sector perform rating to an outperform rating and upped their price objective for the stock from $45.73 to $77.00 in a research note on Monday, February 12th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of EQT from a sell rating to a strong sell rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $74.38.

EQT opened at $52.19 on Wednesday, according to MarketBeat. The stock has a market capitalization of $13.95 billion, a P/E ratio of 35.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. EQT has a twelve month low of $43.70 and a twelve month high of $67.84. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44.

EQT (NYSE:EQT) last posted its earnings results on Thursday, April 26th. The oil and gas producer reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.02. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. EQT had a negative net margin of 6.17% and a positive return on equity of 3.45%. The firm’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. research analysts anticipate that EQT will post 1.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.23%. EQT’s dividend payout ratio (DPR) is currently 8.16%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQT. Calton & Associates Inc. bought a new stake in shares of EQT during the fourth quarter valued at approximately $104,000. NuWave Investment Management LLC bought a new stake in shares of EQT during the fourth quarter valued at approximately $126,000. Assetmark Inc. grew its stake in shares of EQT by 445.1% during the fourth quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock valued at $130,000 after purchasing an additional 1,865 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of EQT during the fourth quarter valued at approximately $220,000. Finally, Virtu Financial LLC bought a new stake in shares of EQT during the fourth quarter valued at approximately $220,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for EQT (NYSE:EQT)

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