Jefferies Financial Group set a $52.00 price target on EQT (NYSE:EQT) in a research report sent to investors on Tuesday, September 18th, MarketBeat reports. The brokerage currently has a hold rating on the oil and gas producer’s stock. Jefferies Financial Group also issued estimates for EQT’s Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.50 EPS, Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.56 EPS, FY2019 earnings at $1.62 EPS, Q1 2020 earnings at $0.70 EPS, Q2 2020 earnings at $0.39 EPS and FY2020 earnings at $2.06 EPS.
Other analysts have also issued research reports about the stock. Royal Bank of Canada set a $74.00 target price on shares of EQT and gave the stock a buy rating in a research report on Thursday, July 19th. JPMorgan Chase & Co. set a $70.00 price target on shares of EQT and gave the company a buy rating in a report on Wednesday, June 13th. Stifel Nicolaus initiated coverage on shares of EQT in a report on Wednesday, May 23rd. They issued a buy rating and a $65.00 price target on the stock. LADENBURG THALM/SH SH set a $70.00 price target on shares of EQT and gave the company a buy rating in a report on Friday, August 17th. Finally, TheStreet upgraded shares of EQT from a d+ rating to a c- rating in a report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $65.85.
Shares of EQT traded up $0.05 during mid-day trading on Tuesday, reaching $45.40. 2,007,226 shares of the company’s stock were exchanged, compared to its average volume of 3,123,998. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76. EQT has a 52-week low of $43.53 and a 52-week high of $66.03. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 9th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Thursday, November 8th. EQT’s dividend payout ratio (DPR) is 8.16%.
In other news, Director Kenneth Michael Burke purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $50.20 per share, with a total value of $251,000.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $251,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EQT. Iridian Asset Management LLC CT purchased a new stake in EQT during the 2nd quarter worth $195,704,000. Sound Shore Management Inc. CT purchased a new stake in EQT during the 2nd quarter worth $177,755,000. Canyon Capital Advisors LLC increased its stake in EQT by 115.1% during the 1st quarter. Canyon Capital Advisors LLC now owns 5,031,000 shares of the oil and gas producer’s stock worth $239,023,000 after buying an additional 2,691,650 shares during the period. Scopia Capital Management LP bought a new stake in shares of EQT in the 2nd quarter worth about $102,772,000. Finally, Nomura Holdings Inc. increased its position in shares of EQT by 182,853.9% in the 2nd quarter. Nomura Holdings Inc. now owns 1,535,133 shares of the oil and gas producer’s stock worth $84,708,000 after purchasing an additional 1,535,973 shares during the last quarter. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
EQT Company Profile
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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