Questar Rating Reiterated by Zacks (STR)
Questar (NYSE:STR)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Wednesday. They currently have a $23.00 price objective on the stock. Zacks‘s target price indicates a potential upside of 5.55% 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 management 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. We are maintaining 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 (NYSE:STR) traded up 0.14% during mid-day trading on Wednesday, hitting $21.82. 570,271 shares of the company’s stock traded hands. Questar has a one year low of $21.44 and a one year high of $24.89. The stock has a 50-day moving average of $23.73 and a 200-day moving average of $23.61. The company has a market cap of $3.825 billion and a price-to-earnings ratio of 22.01.
Questar (NYSE:STR) last announced its earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $201.30 million for the quarter, compared to the consensus estimate of $227.20 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Questar will post $1.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 8th. Investors of record on Friday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, August 13th.
Separately, analysts at Citigroup Inc. downgraded shares of Questar from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.80.
Questar Corporation (NYSE:STR) is a Rockies-based integrated natural gas holding company.
To view Zacks’ full report, visit Zacks’ official website.
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