EQT Receives Average Rating of “Buy” from Analysts (NYSE:EQT)
Shares of EQT (NYSE:EQT) have received an average rating of “Buy” from the thirteen analysts that are currently covering the company, AnalystRatings.Net reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $116.36.
A number of research firms have recently commented on EQT. 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.
Shares of EQT (NYSE:EQT) opened at 94.13 on Tuesday. EQT has a 1-year low of $80.72 and a 1-year 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 $14.261 billion and a price-to-earnings ratio of 28.25. EQT also was the target of 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 daily trading volume, of 2,094,231 shares, the short-interest ratio is presently 2.2 days. Currently, 3.0% of the company’s shares are sold short.
EQT (NYSE:EQT) last released its earnings data on Thursday, July 24th. The company reported $0.73 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.57 earnings per share. EQT’s revenue was up 11.2% compared to the same quarter last year. 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. Stockholders 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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