EQT Corp. (NYSE:EQT) was downgraded by research analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a research note issued on Thursday.
EQT has been the subject of a number of other research reports. Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Friday, August 26th. GMP Securities began coverage on EQT Corp. in a research note on Wednesday, September 28th. They set a “buy” rating and a $92.00 target price for the company. Wolfe Research began coverage on EQT Corp. in a research note on Friday, October 7th. They set a “buy” rating and a $85.00 target price for the company. Zacks Investment Research downgraded EQT Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, KLR Group reissued a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of EQT Corp. in a research note on Monday, August 1st. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. EQT Corp. currently has an average rating of “Hold” and an average target price of C$78.22.
Shares of 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. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61. The firm has a 50 day moving average of $72.07 and a 200 day moving average of $71.90. The company’s market capitalization is $11.89 billion.
EQT Corp. (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.06. The business earned $127.53 million during the quarter, compared to the consensus estimate of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. EQT Corp.’s revenue for the quarter was down 71.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Equities research analysts forecast that EQT Corp. will post ($0.64) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. EQT Corp.’s payout ratio is -5.66%.
Large investors have recently added to or reduced their stakes in the stock. Mizuho Asset Management Co. Ltd. raised 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 worth $177,000 after buying an additional 1,229 shares during the last quarter. Euclid Advisors LLC bought a new stake in EQT Corp. during the second quarter worth approximately $183,000. Independent Portfolio Consultants Inc. bought a new stake in EQT Corp. during the third quarter worth approximately $182,000. Capital Guardian Trust Co. raised 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 worth $200,000 after buying an additional 2,400 shares during the last quarter. Finally, Boston Family Office LLC bought a new stake in EQT Corp. during the second quarter worth approximately $205,000. 87.73% of the stock is owned by institutional investors and hedge funds.
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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