Jefferies Group LLC Reiterates Hold Rating for EQT Corporation (EQT)
EQT Corporation (NYSE:EQT)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They currently have a $66.00 target price on the oil and gas producer’s stock. Jefferies Group LLC’s price target indicates a potential upside of 4.60% from the company’s current price. Jefferies Group also issued estimates for EQT Corporation’s Q3 2017 earnings at $0.02 EPS, Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.01 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.82 EPS and FY2019 earnings at $3.72 EPS.
Several other brokerages have also recently commented on EQT. BMO Capital Markets set a $70.00 target price on shares of EQT Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Royal Bank Of Canada set a $79.00 target price on shares of EQT Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. KLR Group reiterated a “buy” rating and set a $102.00 target price (up previously from $101.00) on shares of EQT Corporation in a research report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 target price on shares of EQT Corporation in a research report on Thursday, September 14th. Finally, Seaport Global Securities upgraded shares of EQT Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $57.00 to $79.00 in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. EQT Corporation currently has an average rating of “Buy” and a consensus price target of $79.45.
Shares of EQT Corporation (NYSE:EQT) opened at 63.10 on Tuesday. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 2253.57 and a beta of 0.77. The stock’s 50 day moving average price is $63.25 and its 200 day moving average price is $60.52. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74.
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. Analysts expect that EQT Corporation will post $0.91 EPS for the current year.
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In related news, Director A. Bray Jr. Cary bought 406 shares of EQT Corporation stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average cost of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new position in EQT Corporation in the 1st quarter worth $110,000. Invictus RG acquired a new position in EQT Corporation in the 1st quarter worth $119,000. Pacer Advisors Inc. boosted its stake in EQT Corporation by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after purchasing an additional 99 shares during the period. Aureus Asset Management LLC acquired a new position in EQT Corporation in the 2nd quarter worth $205,000. Finally, Pinebridge Investments L.P. acquired a new position in EQT Corporation in the 2nd quarter worth $212,000. 90.55% of the stock is owned by hedge funds and other institutional investors.
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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