Several other research analysts have also recently weighed in on the stock. Jefferies Group LLC restated a hold rating and issued a $66.00 price objective on shares of EQT Corporation in a research report on Tuesday. 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 Saturday, October 7th. Scotiabank restated an average rating and issued a $79.00 price objective on shares of EQT Corporation in a research report on Wednesday, October 4th. Seaport Global Securities upgraded shares of EQT Corporation from a neutral rating to a buy rating and upped their price objective for the stock from $57.00 to $79.00 in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a buy rating and issued a $87.00 price objective on shares of EQT Corporation in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $79.45.
Shares of EQT Corporation (NYSE:EQT) traded down 0.02% during mid-day trading on Tuesday, reaching $63.48. 855,822 shares of the company’s stock traded hands. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a market cap of $11.00 billion, a P/E ratio of 2267.14 and a beta of 0.77. The firm has a 50-day moving average of $63.32 and a 200 day moving average of $60.54.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $631.10 million for the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The company’s revenue for the quarter was up 720.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.35) earnings per share. Equities analysts forecast that EQT Corporation will post $0.93 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, November 9th. EQT Corporation’s payout ratio is currently 400.13%.
In other EQT Corporation news, Director A. Bray Jr. Cary purchased 406 shares of EQT Corporation stock in a transaction on Monday, October 2nd. The shares were acquired at an average cost of $65.24 per share, for a total transaction of $26,487.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC grew its holdings in shares of EQT Corporation by 13.1% in the second quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock worth $136,412,000 after purchasing an additional 270,054 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of EQT Corporation by 3.6% in the second quarter. Whittier Trust Co. now owns 171,209 shares of the oil and gas producer’s stock worth $10,031,000 after purchasing an additional 5,872 shares during the last quarter. South Dakota Investment Council bought a new position in shares of EQT Corporation in the first quarter worth approximately $354,000. Mitchell Group Inc. grew its holdings in shares of EQT Corporation by 11.1% in the second quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock worth $32,551,000 after purchasing an additional 55,330 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of EQT Corporation by 3,346.4% in the first quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock worth $832,575,000 after purchasing an additional 13,231,032 shares during the last quarter. Hedge funds and other institutional investors own 90.55% 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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