Several other equities research analysts have also weighed in on the stock. Wolfe Research began coverage on shares of EQT Corp. in a report on Friday, October 7th. They issued a buy rating and a $85.00 target price on the stock. GMP Securities began coverage on shares of EQT Corp. in a report on Wednesday, September 28th. They issued a buy rating and a $92.00 target price on the stock. Stifel Nicolaus raised shares of EQT Corp. from a hold rating to a buy rating and set a $87.00 target price on the stock in a report on Friday, August 26th. Scotiabank lowered shares of EQT Corp. from an outperform rating to a sector perform rating and lowered their target price for the stock from $91.00 to $90.00 in a report on Thursday, August 11th. Finally, Howard Weil lowered shares of EQT Corp. from a sector outperform rating to a sector perform rating and lowered their target price for the stock from $91.00 to $90.00 in a report on Thursday, August 11th. Twelve research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of C$78.22.
EQT Corp. (NYSE:EQT) traded down 2.17% during mid-day trading on Thursday, hitting $68.82. 77,422 shares of the company were exchanged. The stock’s market cap is $11.89 billion. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61. The company has a 50 day moving average of $72.07 and a 200 day moving average of $71.90.
EQT Corp. (NYSE:EQT) last posted its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The business had revenue of $127.53 million for the quarter, compared to analyst estimates of $461.53 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was down 71.0% compared to the same quarter last year. On average, equities research analysts expect that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.17%. EQT Corp.’s dividend payout ratio (DPR) is currently -5.66%.
A number of hedge funds have recently made changes to their positions in the company. Oakbrook Investments LLC increased its stake in shares of EQT Corp. by 25.2% in the second quarter. Oakbrook Investments LLC now owns 11,415 shares of the company’s stock valued at $884,000 after buying an additional 2,300 shares during the period. Artemis Investment Management LLP acquired a new position in shares of EQT Corp. during the second quarter valued at $16,265,000. Legal & General Group Plc boosted its position in shares of EQT Corp. by 7.4% in the first quarter. Legal & General Group Plc now owns 653,976 shares of the company’s stock valued at $43,984,000 after buying an additional 45,037 shares in the last quarter. Cleararc Capital Inc. acquired a new position in shares of EQT Corp. during the first quarter valued at $263,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of EQT Corp. by 75.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,250 shares of the company’s stock valued at $1,491,000 after buying an additional 8,300 shares in the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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