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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

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%.

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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.

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