EQT Corporation (NYSE:EQT) Upgraded by Scotia Howard Weill to “Sector Outperform”
Other research analysts also recently issued research reports about the stock. Scotiabank set a $82.00 price objective on shares of EQT Corporation and gave the stock a hold rating in a report on Saturday, April 22nd. Howard Weil upgraded shares of EQT Corporation from a sector perform rating to a sector outperform rating in a report on Friday. Royal Bank Of Canada set a $86.00 price objective on shares of EQT Corporation and gave the stock a buy rating in a report on Tuesday, April 25th. Jefferies Group LLC restated a hold rating and set a $69.00 price objective on shares of EQT Corporation in a report on Thursday, April 6th. Finally, ValuEngine downgraded shares of EQT Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. EQT Corporation currently has an average rating of Buy and an average target price of $80.43.
Shares of EQT Corporation (NYSE EQT) traded up 0.47% on Friday, hitting $62.17. The stock had a trading volume of 2,222,295 shares. The firm’s 50-day moving average price is $56.01 and its 200 day moving average price is $60.47. The firm’s market cap is $10.77 billion. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $76.22.
EQT Corporation (NYSE:EQT) last released its quarterly earnings data on Thursday, April 27th. The oil and gas producer reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. EQT Corporation had a positive return on equity of 0.18% and a negative net margin of 15.03%. The business had revenue of $897.50 million for the quarter, compared to analyst estimates of $713.65 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s quarterly revenue was up 64.6% on a year-over-year basis. On average, equities research analysts predict that EQT Corporation will post $1.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. EQT Corporation’s dividend payout ratio is presently -6.82%.
In other EQT Corporation news, insider Robert Joseph Mcnally bought 1,500 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was purchased at an average price of $50.00 per share, for a total transaction of $75,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David E. Jr. Schlosser bought 10,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were acquired 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. Insiders have acquired 41,901 shares of company stock valued at $2,211,775 in the last quarter. Company insiders own 1.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Kentucky Retirement Systems acquired a new position in shares of EQT Corporation during the fourth quarter worth $820,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of EQT Corporation during the fourth quarter worth $366,000. Macquarie Group Ltd. raised its position in shares of EQT Corporation by 4.3% in the fourth quarter. Macquarie Group Ltd. now owns 100,030 shares of the oil and gas producer’s stock worth $6,542,000 after buying an additional 4,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of EQT Corporation by 3.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 150,422 shares of the oil and gas producer’s stock worth $9,190,000 after buying an additional 5,063 shares in the last quarter. Finally, S&CO Inc. raised its position in shares of EQT Corporation by 260.2% in the first quarter. S&CO Inc. now owns 23,285 shares of the oil and gas producer’s stock worth $1,423,000 after buying an additional 16,820 shares in the last quarter. Hedge funds and other institutional investors own 90.65% of the company’s stock.
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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