A number of other equities research analysts also recently weighed in on EQT. Seaport Global Securities downgraded shares of EQT from an accumulate rating to a neutral rating in a research note on Friday, December 9th. Zacks Investment Research raised shares of EQT from a hold rating to a buy rating and set a $71.00 target price on the stock in a research note on Tuesday, January 10th. BMO Capital Markets downgraded shares of EQT from an outperform rating to a market perform rating and lowered their target price for the company from $75.00 to $73.00 in a research note on Wednesday, January 11th. Jefferies Group LLC reaffirmed a hold rating and issued a $70.00 target price on shares of EQT in a research note on Wednesday, January 18th. Finally, KLR Group reaffirmed a buy rating and issued a $94.00 target price on shares of EQT in a research note on Friday, February 3rd. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. EQT presently has an average rating of Buy and an average price target of $80.71.
EQT (NYSE:EQT) traded up 0.72% during midday trading on Thursday, hitting $57.71. The company had a trading volume of 368,972 shares. The stock has a 50 day moving average of $60.22 and a 200 day moving average of $65.95. EQT has a 52-week low of $56.33 and a 52-week high of $80.61. The firm’s market cap is $9.97 billion.
EQT (NYSE:EQT) last announced its earnings results on Thursday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.31. The business had revenue of $379.02 million for the quarter, compared to the consensus estimate of $578.01 million. EQT had a negative net margin of 28.16% and a negative return on equity of 0.53%. EQT’s quarterly revenue was down 37.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. On average, analysts anticipate that EQT will post $0.92 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 17th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Wednesday, February 15th. EQT’s payout ratio is -4.49%.
In related news, Director A. Bray Jr. Cary purchased 417 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were acquired at an average price of $65.40 per share, for a total transaction of $27,271.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its stake in EQT by 0.4% in the third quarter. CIBC Asset Management Inc now owns 16,641 shares of the company’s stock valued at $1,208,000 after buying an additional 68 shares during the period. Sippican Capital Advisors boosted its stake in EQT by 15.7% in the third quarter. Sippican Capital Advisors now owns 10,003 shares of the company’s stock valued at $726,000 after buying an additional 1,355 shares during the period. Reinhart Partners Inc. boosted its stake in EQT by 21.1% in the third quarter. Reinhart Partners Inc. now owns 358,031 shares of the company’s stock valued at $26,000,000 after buying an additional 62,410 shares during the period. First Quadrant L P CA bought a new stake in EQT during the third quarter valued at $1,879,000. Finally, MAI Capital Management boosted its stake in EQT by 145.1% in the third quarter. MAI Capital Management now owns 9,121 shares of the company’s stock valued at $662,000 after buying an additional 5,399 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
EQT 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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