EQT Rating Reiterated by Barclays (EQT)
EQT (NYSE:EQT)‘s stock had its “overweight” rating restated by equities research analysts at Barclays in a research note issued to investors on Tuesday. They currently have a $114.00 price objective on the stock, down from their previous price objective of $118.00. Barclays’ target price would suggest a potential upside of 21.25% from the company’s current price.
EQT has been the subject of a number of other recent research reports. Analysts at KLR Group upgraded shares of EQT from a “hold” rating to an “accumulate” rating in a research note on Monday, August 4th. They now have a $115.00 price target on the stock, down previously from $118.00. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of EQT in a research note on Tuesday, July 29th. They now have a $113.00 price target on the stock, down previously from $123.00. Finally, analysts at Howard Weil raised their price target on shares of EQT from $118.00 to $127.00 in a research note on Monday, July 28th. They now have a “sector outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. EQT has a consensus rating of “Buy” and a consensus target price of $116.17.
Shares of EQT (NYSE:EQT) traded down 0.29% during mid-day trading on Tuesday, hitting $93.75. 216,494 shares of the company’s stock traded hands. EQT has a 52-week low of $80.72 and a 52-week high of $111.47. The stock’s 50-day moving average is $101.3 and its 200-day moving average is $101.7. The company has a market cap of $14.203 billion and a price-to-earnings ratio of 28.25. EQT also saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 4,531,093 shares, an increase of 49.6% from the July 15th total of 3,028,961 shares. Based on an average trading volume of 2,094,231 shares, the days-to-cover ratio is presently 2.2 days. Approximately 3.0% of the shares of the company are sold short.
EQT (NYSE:EQT) last released its earnings data on Thursday, July 24th. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.09. The company had revenue of $526.16 million for the quarter, compared to the consensus estimate of $603.91 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that EQT will post $3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Investors 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 0.13%. The ex-dividend date of this dividend is Wednesday, August 13th.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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