EQT Corporation (NYSE:EQT) Given Average Recommendation of “Buy” by Brokerages
Shares of EQT Corporation (NYSE:EQT) have earned an average recommendation of “Buy” from the twenty-one brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.45.
EQT has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of EQT Corporation from $79.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and issued a $69.00 price objective on shares of EQT Corporation in a research report on Tuesday, July 4th. BidaskClub upgraded shares of EQT Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. ValuEngine cut shares of EQT Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada cut shares of EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $86.00 to $80.00 in a research report on Wednesday, July 5th.
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In other news, insider David E. Jr. Schlosser bought 10,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was purchased at an average price of $50.96 per share, for a total transaction of $509,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director A. Bray Jr. Cary bought 28,000 shares of the stock in a transaction on Friday, June 23rd. The shares were purchased at an average price of $53.55 per share, with a total value of $1,499,400.00. Following the acquisition, the director now owns 22,627 shares in the company, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 41,901 shares of company stock valued at $2,211,775. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Waldron LP boosted its position in EQT Corporation by 43.3% in the first quarter. Waldron LP now owns 5,541 shares of the oil and gas producer’s stock worth $338,000 after buying an additional 1,673 shares during the period. Sippican Capital Advisors boosted its position in EQT Corporation by 34.0% in the first quarter. Sippican Capital Advisors now owns 19,998 shares of the oil and gas producer’s stock worth $1,222,000 after buying an additional 5,072 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in EQT Corporation by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,593 shares of the oil and gas producer’s stock worth $262,000 after buying an additional 165 shares during the period. Nationwide Fund Advisors boosted its position in EQT Corporation by 32.1% in the first quarter. Nationwide Fund Advisors now owns 560,666 shares of the oil and gas producer’s stock worth $34,257,000 after buying an additional 136,081 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in EQT Corporation by 16.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 66,963 shares of the oil and gas producer’s stock worth $4,092,000 after buying an additional 9,233 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.
Shares of EQT Corporation (NYSE EQT) traded up 0.53% during mid-day trading on Friday, hitting $62.40. The stock had a trading volume of 688,302 shares. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The stock’s 50-day moving average price is $61.25 and its 200-day moving average price is $59.89. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 2228.57 and a beta of 0.77.
EQT Corporation (NYSE:EQT) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business’s revenue for the quarter was up 720.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.35) EPS. On average, equities analysts anticipate that EQT Corporation will post $1.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, August 9th. EQT Corporation’s dividend payout ratio (DPR) is presently 400.13%.
EQT Corporation Company Profile
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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