EQT (EQT) Given Media Sentiment Rating of -0.01
Media coverage about EQT (NYSE:EQT) has trended somewhat negative recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT earned a daily sentiment score of -0.01 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 42.2641998567554 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- SunTrust Banks Analysts Lower Earnings Estimates for EQT Corporation (EQT) (americanbankingnews.com)
- What Is The Buzz Surrounding EQT Corp (NYSE:EQT)? (financialstrend.com)
- EQT Announces 2018 Operational Forecast – Business Wire (press release) (businesswire.com)
- EQT Corp. (EQT) Reports 2018 Operational Forecast – StreetInsider.com (streetinsider.com)
- EQT’s 3.2-Mile Marcellus Lateral – Seeking Alpha (seekingalpha.com)
Shares of EQT (NYSE EQT) traded down $1.30 during midday trading on Friday, hitting $54.71. The company had a trading volume of 5,300,521 shares, compared to its average volume of 3,121,531. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9,670.00, a price-to-earnings ratio of 65.30, a price-to-earnings-growth ratio of 4.30 and a beta of 0.76. EQT has a 12-month low of $49.63 and a 12-month high of $68.16.
EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analyst estimates of $667.05 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. EQT’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.26) earnings per share. equities research analysts anticipate that EQT will post 0.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a $0.03 dividend. The ex-dividend date was Thursday, November 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.22%. EQT’s payout ratio is 60.00%.
Several research analysts have issued reports on EQT shares. Cowen restated a “buy” rating and set a $80.00 target price on shares of EQT in a research report on Tuesday, September 12th. Jefferies Group restated a “hold” rating and set a $66.00 target price on shares of EQT in a research report on Tuesday, October 10th. Scotiabank set a $79.00 target price on EQT and gave the company a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of EQT in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co boosted their target price on EQT from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $77.25.
In other news, Director A. Bray Jr. Cary purchased 406 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average price of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas F. Karam purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average price of $59.26 per share, with a total value of $592,600.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.
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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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