Stifel Nicolaus reiterated their buy rating on shares of EQT Corporation (NYSE:EQT) in a report published on Thursday, September 14th. They currently have a $87.00 target price on the oil and gas producer’s stock.
A number of other brokerages have also recently issued reports on EQT. BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the company a buy rating in a research note on Friday, July 28th. Royal Bank Of Canada set a $79.00 target price on EQT Corporation and gave the stock a hold rating in a research note on Friday, July 28th. KLR Group reissued a buy rating and issued a $102.00 target price (up from $101.00) on shares of EQT Corporation in a research note on Sunday, July 30th. Cowen and Company set a $80.00 target price on EQT Corporation and gave the stock a buy rating in a research note on Tuesday, July 18th. Finally, Scotiabank raised EQT Corporation from a sector perform rating to an outperform rating and raised their target price for the stock from $77.00 to $81.00 in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $80.33.
Shares of EQT Corporation (NYSE EQT) opened at 64.26 on Thursday. The company has a market cap of $11.14 billion, a price-to-earnings ratio of 2295.00 and a beta of 0.79. The firm has a 50 day moving average price of $62.14 and a 200-day moving average price of $59.79. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $75.74.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The firm had revenue of $631.10 million for the quarter, compared to analysts’ expectations of $642.21 million. During the same period last year, the firm earned ($0.35) earnings per share. The company’s revenue for the quarter was up 720.1% compared to the same quarter last year. Equities research analysts anticipate that EQT Corporation will post $0.94 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $0.12 annualized dividend and a yield of 0.19%. EQT Corporation’s payout ratio is 400.13%.
Several hedge funds have recently added to or reduced their stakes in EQT. Point72 Asia Hong Kong Ltd purchased a new position in shares of EQT Corporation during the first quarter valued at approximately $110,000. Invictus RG purchased a new position in shares of EQT Corporation during the first quarter valued at approximately $119,000. Pacer Advisors Inc. lifted its holdings in shares of EQT Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after purchasing an additional 99 shares during the last quarter. Aureus Asset Management LLC purchased a new position in shares of EQT Corporation during the second quarter valued at approximately $205,000. Finally, Pinebridge Investments L.P. purchased a new position in shares of EQT Corporation during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 90.55% of the company’s stock.
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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