Canaccord Genuity Initiates Coverage on EQT (EQT)
EQT (NYSE:EQT) traded up 0.78% on Wednesday, hitting $103.46. The stock had a trading volume of 1,383,316 shares. EQT has a 1-year low of $80.72 and a 1-year high of $111.47. The stock has a 50-day moving average of $105.7 and a 200-day moving average of $100.7. The company has a market cap of $15.700 billion and a price-to-earnings ratio of 32.33.
EQT (NYSE:EQT) last released its earnings data on Thursday, April 24th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.49. The company had revenue of $661.63 million for the quarter, compared to the consensus estimate of $563.06 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 59.1% on a year-over-year basis. Analysts expect that EQT will post $4.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Friday, August 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several other analysts have also recently commented on the stock. Analysts at Prime Executions initiated coverage on shares of EQT in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of EQT from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 3rd. They now have a $128.00 price target on the stock. Finally, analysts at Zacks downgraded shares of EQT from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $128.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.78.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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