EQT Corporation (NYSE:EQT)‘s stock had its “hold” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Thursday, July 20th. They currently have a $78.00 price objective on the oil and gas producer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 28.37% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus assumed coverage on shares of EQT Corporation in a research note on Thursday, March 23rd. They issued a “buy” rating and a $63.00 price objective for the company. TheStreet downgraded shares of EQT Corporation from a “c-” rating to a “d+” rating in a research note on Thursday, March 23rd. Scotiabank set a $80.00 price objective on shares of EQT Corporation and gave the company a “hold” rating in a research note on Monday, March 27th. Jefferies Group LLC reissued a “hold” rating and issued a $69.00 price objective on shares of EQT Corporation in a research note on Thursday, April 6th. Finally, ValuEngine cut shares of EQT Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.58.
EQT Corporation (NYSE:EQT) traded down 0.48% during trading on Thursday, reaching $60.76. The company’s stock had a trading volume of 1,990,053 shares. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The firm has a 50-day moving average price of $61.80 and a 200-day moving average price of $59.78. The firm has a market capitalization of $10.53 billion, a P/E ratio of 2170.00 and a beta of 0.77.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The company had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same quarter in the prior year, the firm posted ($0.35) EPS. The firm’s quarterly revenue was up 720.1% on a year-over-year basis. On average, equities analysts anticipate that EQT Corporation will post $1.02 EPS for the current fiscal year.
In other news, Director A. Bray Jr. Cary purchased 28,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average cost of $53.55 per share, with a total value of $1,499,400.00. Following the completion of the transaction, the director now directly owns 22,627 shares of the company’s stock, valued at $1,211,675.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David E. Jr. Schlosser purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were purchased at an average cost of $50.96 per share, for a total transaction of $509,600.00. The disclosure for this purchase can be found here. Insiders acquired 41,901 shares of company stock worth $2,211,775 over the last ninety days. Insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC purchased a new position in EQT Corporation during the second quarter worth $2,466,000. 361 Capital LLC raised its position in EQT Corporation by 29.2% in the second quarter. 361 Capital LLC now owns 99,822 shares of the oil and gas producer’s stock worth $5,849,000 after buying an additional 22,574 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in EQT Corporation during the second quarter worth $4,142,000. Aureus Asset Management LLC purchased a new position in EQT Corporation during the second quarter worth $205,000. Finally, D.A. Davidson & CO. raised its position in EQT Corporation by 14.2% in the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after buying an additional 721 shares during the last quarter. 90.07% of the stock is currently owned by 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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