EQT Corp. (EQT) Coverage Initiated by Analysts at Wolfe Research
Several other research analysts have also commented on the company. GMP Securities assumed coverage on EQT Corp. in a research report on Wednesday, September 28th. They issued a buy rating and a $92.00 price target for the company. Stifel Nicolaus upgraded EQT Corp. from a hold rating to a buy rating and set a $87.00 price target for the company in a research report on Friday, August 26th. Scotiabank lowered EQT Corp. from an outperform rating to a sector perform rating and dropped their price target for the stock from $91.00 to $90.00 in a research report on Thursday, August 11th. Howard Weil lowered EQT Corp. from a sector outperform rating to a sector perform rating and dropped their price target for the stock from $91.00 to $90.00 in a research report on Thursday, August 11th. Finally, Zacks Investment Research lowered EQT Corp. from a buy rating to a hold rating in a research report on Wednesday, August 10th. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of C$78.22.
Shares of EQT Corp. (NYSE:EQT) opened at 70.35 on Friday. The company’s 50-day moving average price is $72.07 and its 200 day moving average price is $71.90. The stock’s market capitalization is $12.15 billion. EQT Corp. has a one year low of $47.10 and a one year high of $80.61.
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EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The company earned $127.53 million during the quarter, compared to analyst estimates 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 revenue was down 71.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. Analysts anticipate that EQT Corp. will post ($0.64) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. EQT Corp.’s payout ratio is presently -5.66%.
Institutional investors have recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. increased its position in shares of EQT Corp. by 116.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,280 shares of the company’s stock worth $177,000 after buying an additional 1,229 shares during the last quarter. Euclid Advisors LLC acquired a new position in shares of EQT Corp. during the second quarter worth about $183,000. Independent Portfolio Consultants Inc. acquired a new position in shares of EQT Corp. during the third quarter worth about $182,000. Capital Guardian Trust Co. increased its position in shares of EQT Corp. by 1,304.3% in the second quarter. Capital Guardian Trust Co. now owns 2,584 shares of the company’s stock worth $200,000 after buying an additional 2,400 shares during the last quarter. Finally, Boston Family Office LLC acquired a new position in shares of EQT Corp. during the second quarter worth about $205,000. 87.73% of the stock is currently owned by institutional investors and hedge funds.
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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