EQT Corp. (NYSE:EQT) Receives Average Rating of “Hold” from Analysts
EQT Corp. (NYSE:EQT) has been assigned an average rating of “Hold” from the twenty analysts that are currently covering the firm. Eleven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$78.06.
A number of research analysts have issued reports on EQT shares. Scotiabank reiterated a “sector outperform” rating and set a $91.00 price objective (down previously from $92.00) on shares of EQT Corp. in a research note on Sunday, July 31st. Howard Weil cut EQT Corp. from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $91.00 to $90.00 in a research note on Thursday, August 11th. Stifel Nicolaus upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Friday, August 26th. Deutsche Bank AG cut EQT Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $81.00 to $79.00 in a research note on Monday, June 13th. Finally, Jefferies Group lifted their price objective on EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a research note on Friday, July 29th.
In other news, SVP Randall L. Crawford sold 4,981 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of C$77.21, for a total value of C$384,583.01. Following the transaction, the senior vice president now directly owns 90,723 shares in the company, valued at C$7,004,722.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.
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Several institutional investors have recently made changes to their positions in EQT. State Treasurer State of Michigan increased its position in shares of EQT Corp. by 9.1% in the second quarter. State Treasurer State of Michigan now owns 59,970 shares of the company’s stock valued at $4,643,000 after buying an additional 5,000 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of EQT Corp. by 9.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 135,729 shares of the company’s stock valued at $9,129,000 after buying an additional 11,495 shares during the last quarter. Raymond James Trust N.A. increased its position in shares of EQT Corp. by 2.3% in the first quarter. Raymond James Trust N.A. now owns 8,368 shares of the company’s stock valued at $563,000 after buying an additional 189 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock valued at $203,000 after buying an additional 100 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of EQT Corp. by 46.0% in the second quarter. Blair William & Co. IL now owns 10,539 shares of the company’s stock valued at $816,000 after buying an additional 3,319 shares during the last quarter. Institutional investors and hedge funds own 87.73% of the company’s stock.
Shares of EQT Corp. (NYSE:EQT) traded up 0.84% on Wednesday, hitting $73.37. The stock had a trading volume of 757,805 shares. The stock’s market cap is $12.67 billion. EQT Corp. has a 12 month low of $47.10 and a 12 month high of $80.61. The stock has a 50 day moving average of $71.05 and a 200-day moving average of $70.89.
EQT Corp. (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.06. The business earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The firm’s quarterly revenue was down 71.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share. Equities research analysts anticipate that EQT Corp. will post ($0.62) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.16%. EQT Corp.’s payout ratio is -5.66%.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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