EQT Corp. (EQT) Stock Price Down 3.2%
EQT Corp. (NYSE:EQT)’s share price traded down 3.2% during mid-day trading on Wednesday . The stock traded as low as $75.54 and last traded at $75.87, with a volume of 858,376 shares. The stock had previously closed at $78.41.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 price objective on shares of EQT Corp. in a report on Tuesday, May 3rd. Wells Fargo & Co. reissued a “hold” rating on shares of EQT Corp. in a research report on Tuesday, May 3rd. Barclays PLC reissued a “buy” rating on shares of EQT Corp. in a research report on Tuesday, April 12th. Deutsche Bank AG reissued a “buy” rating on shares of EQT Corp. in a research report on Thursday, March 24th. Finally, Zacks Investment Research raised EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, July 5th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$75.88.
The company’s market cap is $12.23 billion. The company has a 50-day moving average price of $76.06 and a 200 day moving average price of $65.61.
EQT Corp. (NYSE:EQT) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. During the same quarter last year, the company posted $1.08 EPS. The company had revenue of $545.10 million for the quarter, compared to analyst estimates of $556.81 million. EQT Corp.’s revenue was down 25.8% on a year-over-year basis. On average, equities analysts expect that EQT Corp. will post ($0.71) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Friday, August 12th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%.
In other news, SVP Randall L. Crawford sold 4,981 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of C$77.21, for a total transaction of C$384,583.01. Following the completion of the sale, the senior vice president now owns 90,723 shares in the company, valued at approximately C$7,004,722.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Other hedge funds have recently made changes to their positions in the company. Boston Partners increased its stake in shares of EQT Corp. by 12.3% in the fourth quarter. Boston Partners now owns 3,746,392 shares of the company’s stock valued at $195,299,000 after buying an additional 409,024 shares during the period. Vanguard Group Inc. increased its stake in shares of EQT Corp. by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 13,559,385 shares of the company’s stock valued at $706,850,000 after buying an additional 408,740 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of EQT Corp. by 34.0% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 296,086 shares of the company’s stock valued at $15,222,000 after buying an additional 75,071 shares during the period. Smith Salley & Associates purchased a new stake in shares of EQT Corp. during the fourth quarter valued at about $3,405,000. Finally, American National Bank & Trust Co. VA purchased a new stake in shares of EQT Corp. during the fourth quarter valued at about $1,941,000.
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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