Scotia Howard Weill upgraded shares of EQT Corporation (NYSE:EQT) from a sector perform rating to a sector outperform rating in a report released on Friday morning.

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.

ILLEGAL ACTIVITY WARNING: “EQT Corporation (NYSE:EQT) Upgraded by Scotia Howard Weill to “Sector Outperform”” was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/07/17/eqt-corporation-nyseeqt-upgraded-by-scotia-howard-weill-to-sector-outperform.html.

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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.