EQT Corporation’s (EQT) “Buy” Rating Reiterated at Stifel Nicolaus
EQT Corporation (NYSE:EQT)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $87.00 target price on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.09% from the stock’s current price.
EQT has been the subject of several other reports. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a report on Friday, September 1st. Royal Bank Of Canada cut EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $86.00 to $80.00 in a report on Wednesday, July 5th. Scotiabank set a $79.00 target price on EQT Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. TheStreet upgraded EQT Corporation from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, Morgan Stanley upped their target price on EQT Corporation from $56.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.33.
EQT Corporation (NYSE:EQT) traded up 2.80% during trading on Thursday, reaching $64.88. The company’s stock had a trading volume of 6,870,340 shares. The firm’s 50-day moving average price is $62.24 and its 200 day moving average price is $59.71. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a market capitalization of $11.25 billion, a P/E ratio of 2317.14 and a beta of 0.79.
EQT Corporation (NYSE:EQT) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The business had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. During the same period in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 720.1% compared to the same quarter last year. On average, analysts predict that EQT Corporation will post $0.99 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/14/eqt-corporations-eqt-buy-rating-reiterated-at-stifel-nicolaus.html.
In related news, insider Robert Joseph Mcnally bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average cost of $50.00 per share, with a total value of $75,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven T. Schlotterbeck bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average cost of $52.14 per share, for a total transaction of $104,280.00. Following the completion of the acquisition, the chief executive officer now owns 115,178 shares of the company’s stock, valued at $6,005,380.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,901 shares of company stock worth $2,211,775 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of EQT. Point72 Asia Hong Kong Ltd acquired a new stake in EQT Corporation during the first quarter worth about $110,000. Invictus RG acquired a new stake in EQT Corporation during the first quarter worth about $119,000. Pacer Advisors Inc. grew its holdings in EQT Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after acquiring an additional 99 shares during the period. Aureus Asset Management LLC acquired a new stake in EQT Corporation during the second quarter worth about $205,000. Finally, Pinebridge Investments L.P. acquired a new stake in EQT Corporation during the second quarter worth about $212,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
About EQT Corporation
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.