EQT Receives Average Rating of “Buy” from Brokerages (NYSE:EQT)
Shares of EQT (NYSE:EQT) have been given a consensus rating of “Buy” by the fourteen ratings firms that are presently covering the stock, AnalystRatings.Net reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $116.17.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of EQT in a research note on Tuesday. They now have a $114.00 price target on the stock, down previously from $118.00. Separately, 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. Finally, 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.
EQT (NYSE:EQT) opened at 94.62 on Tuesday. 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 $99.77 and its 200-day moving average is $101.7. The company has a market cap of $14.335 billion and a P/E ratio of 28.21. EQT also was the recipient of a large increase in short interest in 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 days-to-cover ratio is currently 2.2 days. Currently, 3.0% of the shares of the stock are short sold.
EQT (NYSE:EQT) last announced its earnings results 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 $3.54 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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