EQT Corporation (NYSE:EQT) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Monday, August 14th.

A number of other research firms have also weighed in on EQT. BMO Capital Markets set a $70.00 price objective on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Royal Bank Of Canada set a $79.00 price objective on shares of EQT Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. KLR Group reissued a “buy” rating and issued a $102.00 price objective (up from $101.00) on shares of EQT Corporation in a research report on Sunday, July 30th. Scotiabank set a $82.00 price objective on shares of EQT Corporation and gave the stock a “hold” rating in a research report on Saturday, April 22nd. Finally, Cowen and Company set a $80.00 price objective on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.92.

Shares of EQT Corporation (EQT) traded down 0.12% during midday trading on Monday, hitting $60.18. The company had a trading volume of 2,639,361 shares. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The firm has a market capitalization of $10.43 billion, a P/E ratio of 2149.29 and a beta of 0.77. The stock has a 50 day moving average price of $62.01 and a 200 day moving average price of $59.74.

EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The firm had revenue of $631.10 million for the quarter, compared to analysts’ expectations of $642.21 million. During the same period in the prior year, the company earned ($0.35) EPS. The business’s revenue was up 720.1% compared to the same quarter last year. On average, equities analysts anticipate that EQT Corporation will post $1.04 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “EQT Corporation (EQT) Upgraded to C- at TheStreet” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/21/eqt-corporation-eqt-upgraded-to-c-at-thestreet.html.

In other EQT Corporation news, Director A. Bray Jr. Cary acquired 28,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were purchased at an average cost of $53.55 per share, for a total transaction of $1,499,400.00. Following the completion of the purchase, the director now owns 22,627 shares in the company, valued at $1,211,675.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Joseph Mcnally acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of $50.00 per share, for a total transaction of $75,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 41,901 shares of company stock worth $2,211,775 over the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its position in EQT Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the oil and gas producer’s stock worth $260,000 after buying an additional 37 shares in the last quarter. Shell Asset Management Co. increased its position in EQT Corporation by 0.3% in the first quarter. Shell Asset Management Co. now owns 16,575 shares of the oil and gas producer’s stock worth $1,013,000 after buying an additional 52 shares in the last quarter. Advantus Capital Management Inc increased its position in EQT Corporation by 0.3% in the first quarter. Advantus Capital Management Inc now owns 17,317 shares of the oil and gas producer’s stock worth $1,058,000 after buying an additional 53 shares in the last quarter. Mutual of America Capital Management LLC increased its position in EQT Corporation by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 21,438 shares of the oil and gas producer’s stock worth $1,310,000 after buying an additional 58 shares in the last quarter. Finally, Cadence Capital Management LLC increased its position in EQT Corporation by 1.1% in the first quarter. Cadence Capital Management LLC now owns 6,037 shares of the oil and gas producer’s stock worth $369,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 90.07% 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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

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.