EQT Corporation (NYSE:EQT) has received an average recommendation of “Buy” from the twenty-one ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $81.09.
Several research firms have recently commented on EQT. BMO Capital Markets reiterated a “buy” rating and set a $75.00 price target on shares of EQT Corporation in a report on Friday, September 1st. Scotiabank set a $79.00 price target on EQT Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Morgan Stanley lifted their price target on EQT Corporation from $56.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. BidaskClub lowered EQT Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, TheStreet upgraded EQT Corporation from a “d+” rating to a “c-” rating in a report on Monday, August 14th.
In related news, insider Robert Joseph Mcnally purchased 1,500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was acquired at an average price of $50.00 per share, for a total transaction of $75,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David E. Jr. Schlosser purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were bought at an average price of $50.96 per share, with a total value of $509,600.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 41,901 shares of company stock valued at $2,211,775. 1.00% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new position in EQT Corporation during the first quarter worth $110,000. Invictus RG acquired a new stake in EQT Corporation in the first quarter valued at $119,000. Pacer Advisors Inc. grew its holdings in EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after purchasing an additional 99 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in EQT Corporation in the first quarter valued at $211,000. Finally, Fisher Asset Management LLC grew its holdings in EQT Corporation by 7.0% in the first quarter. Fisher Asset Management LLC now owns 3,474 shares of the oil and gas producer’s stock valued at $212,000 after purchasing an additional 226 shares during the last quarter. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
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EQT Corporation (EQT) traded down 2.32% on Tuesday, reaching $60.67. 3,677,877 shares of the company’s stock were exchanged. EQT Corporation has a one year low of $49.63 and a one year high of $75.74. The firm has a market cap of $10.52 billion, a PE ratio of 2166.79 and a beta of 0.79. The firm has a 50 day moving average price of $62.33 and a 200 day moving average price of $59.65.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings results 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 return on equity of 0.91% and a net margin of 0.20%. 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 earned ($0.35) EPS. The company’s quarterly revenue was up 720.1% compared to the same quarter last year. On average, equities analysts anticipate that EQT Corporation will post $1.00 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Wednesday, August 9th. EQT Corporation’s dividend payout ratio is currently 400.13%.
About EQT Corporation
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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