Questar Corp. Receives “Neutral” Rating from Zacks (STR)
Questar Corp. (NYSE:STR)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Friday, Stock Ratings Network reports. They currently have a $24.00 price target on the stock. Zacks‘ price target would suggest a potential upside of 6.29% from the stock’s previous close.
Zacks‘ analyst wrote, “We believe Questar will be able to generate meaningful earnings and dividend growth in the coming years through strong operational performances by its business units. Other positives in the Questar story include its sole emphasis on the natural gas markets, its focus on long-term contracts and the efficient managerial team. An above-average credit quality adds to the bullish sentiment. However, we remain worried about the current volatile natural gas price environment that is likely to restrict near-term growth prospects at Questar Pipeline. This compels us to maintain our Neutral recommendation on Questar shares. We also believe that upside potential will remain limited until the company has fully reaped the benefits of the spin-off.”
Questar Corp. (NYSE:STR) traded up 0.04% during mid-day trading on Friday, hitting $22.59. The stock had a trading volume of 207,032 shares. Questar Corp. has a one year low of $17.20 and a one year high of $26.01. The stock has a 50-day moving average of $22.27 and a 200-day moving average of $23.80. The company has a market cap of $3.955 billion and a P/E ratio of 18.99.
Questar Corp. (NYSE:STR) last announced its earnings results on Wednesday, July 31st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.01. The company had revenue of $195.60 million for the quarter, compared to the consensus estimate of $239.44 million. During the same quarter last year, the company posted $0.22 earnings per share. Questar Corp.’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that Questar Corp. will post $1.18 EPS for the current fiscal year.
Separately, analysts at ISI Group initiated coverage on shares of Questar Corp. (NYSE:STR) in a research note to investors on Monday, July 29th. They set a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.88.
Questar Corporation (NYSE:STR) is a Rockies-based integrated natural gas holding company.
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