EQT Corporation (EQT) Given Neutral Rating at Scotiabank
EQT Corporation (NYSE:EQT)‘s stock had its “neutral” rating reissued by investment analysts at Scotiabank in a research report issued to clients and investors on Monday.
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC set a $69.00 target price on shares of EQT Corporation and gave the stock a “hold” rating in a research note on Saturday, March 4th. ValuEngine cut shares of EQT Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $86.00 target price on shares of EQT Corporation in a research note on Friday, June 2nd. Stifel Nicolaus began coverage on shares of EQT Corporation in a research note on Thursday, March 23rd. They set a “buy” rating and a $63.00 target price for the company. Finally, Tudor Pickering raised shares of EQT Corporation from a “hold” rating to a “buy” rating in a research note on Monday, March 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $81.69.
EQT Corporation (EQT) traded down 8.95% during trading on Monday, hitting $53.51. The stock had a trading volume of 22,187,862 shares. The firm has a 50 day moving average of $56.55 and a 200-day moving average of $61.58. The stock’s market cap is $9.27 billion. EQT Corporation has a 12 month low of $52.67 and a 12 month high of $80.61.
EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, April 27th. The oil and gas producer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $897.50 million for the quarter, compared to analysts’ expectations of $713.65 million. EQT Corporation had a positive return on equity of 0.18% and a negative net margin of 15.03%. The firm’s revenue for the quarter was up 64.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities analysts predict that EQT Corporation will post $1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.12 annualized dividend and a yield of 0.22%. EQT Corporation’s payout ratio is -6.82%.
ILLEGAL ACTIVITY WARNING: “EQT Corporation (EQT) Given Neutral Rating at Scotiabank” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/06/19/eqt-corporation-eqt-given-neutral-rating-at-scotiabank.html.
In other EQT Corporation news, insider M Elise Hyland sold 3,479 shares of the business’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $60.56, for a total value of $210,688.24. Following the transaction, the insider now directly owns 15,941 shares in the company, valued at approximately $965,386.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Bray Jr. Cary bought 421 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was purchased at an average price of $61.10 per share, for a total transaction of $25,723.10. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EQT. Point72 Asia Hong Kong Ltd purchased a new position in EQT Corporation during the first quarter valued at $110,000. Invictus RG purchased a new position in EQT Corporation during the first quarter valued at $119,000. Pacer Advisors Inc. raised its position in EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares during the last quarter. Wetherby Asset Management Inc. purchased a new position in EQT Corporation during the first quarter valued at $211,000. Finally, Fisher Asset Management LLC raised its position in EQT Corporation by 7.0% in the first quarter. Fisher Asset Management LLC now owns 3,474 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 226 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.
EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.