EQT Corp. (NYSE:EQT) has earned an average recommendation of “Hold” from the twenty research firms that are covering the firm. Eleven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$78.18.
EQT has been the topic of a number of research analyst reports. Stifel Nicolaus upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, August 26th. GMP Securities initiated coverage on shares of EQT Corp. in a research report on Wednesday. They issued a “buy” rating and a $92.00 target price on the stock. Jefferies Group raised their target price on shares of EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG lowered shares of EQT Corp. from a “buy” rating to a “hold” rating and cut their target price for the company from $81.00 to $79.00 in a research report on Monday, June 13th.
Shares of EQT Corp. (NYSE:EQT) traded down 1.29% during mid-day trading on Thursday, hitting $69.37. 1,198,844 shares of the company’s stock traded hands. The firm has a 50-day moving average of $71.42 and a 200 day moving average of $71.35. The company’s market cap is $11.98 billion. EQT Corp. has a 52 week low of $47.10 and a 52 week high of $80.61.
EQT Corp. (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The business had revenue of $127.53 million for the quarter, compared to analyst estimates of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The firm’s revenue for the quarter was down 71.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. Equities research analysts predict that EQT Corp. will post ($0.62) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.17%. The ex-dividend date was Wednesday, August 10th. EQT Corp.’s dividend payout ratio (DPR) is currently -5.66%.
Large investors have recently bought and sold shares of the company. Mizuho Asset Management Co. Ltd. increased its stake in EQT Corp. by 116.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,280 shares of the company’s stock valued at $177,000 after buying an additional 1,229 shares during the last quarter. Euclid Advisors LLC acquired a new stake in EQT Corp. during the second quarter valued at approximately $183,000. Capital Guardian Trust Co. increased its stake in EQT Corp. by 1,304.3% in the second quarter. Capital Guardian Trust Co. now owns 2,584 shares of the company’s stock valued at $200,000 after buying an additional 2,400 shares during the last quarter. Boston Family Office LLC acquired a new stake in EQT Corp. during the second quarter valued at approximately $205,000. Finally, WMS Partners LLC acquired a new stake in EQT Corp. during the second quarter valued at approximately $209,000. 87.73% of the stock is owned by institutional investors.
About EQT Corp.
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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