Stifel Nicolaus initiated coverage on shares of EQT (NYSE:EQT) in a research report sent to investors on Wednesday. The firm issued a buy rating and a $65.00 target price on the oil and gas producer’s stock.
EQT has been the topic of a number of other research reports. ValuEngine lowered shares of EQT from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. TheStreet lowered shares of EQT from a c rating to a d+ rating in a report on Monday, April 30th. Morgan Stanley decreased their price target on shares of EQT from $67.00 to $55.00 and set an equal weight rating on the stock in a report on Friday, April 20th. Wolfe Research upgraded shares of EQT from a peer perform rating to an outperform rating in a report on Wednesday, February 14th. Finally, Jefferies Group set a $65.00 price target on shares of EQT and gave the company a hold rating in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $74.85.
Shares of EQT opened at $50.23 on Wednesday, according to Marketbeat Ratings. EQT has a 1 year low of $43.70 and a 1 year high of $67.84. The company has a market cap of $13.49 billion, a P/E ratio of 26.07, a PEG ratio of 1.78 and a beta of 0.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44.
EQT (NYSE:EQT) last announced its earnings results on Thursday, April 26th. The oil and gas producer reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.02. EQT had a negative net margin of 6.17% and a positive return on equity of 3.45%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.43 earnings per share. EQT’s revenue was up 60.3% compared to the same quarter last year. sell-side analysts anticipate that EQT will post 1.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Thursday, May 10th. EQT’s dividend payout ratio is presently 8.16%.
Several hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. raised its stake in shares of EQT by 11.2% in the 1st quarter. Suntrust Banks Inc. now owns 15,935 shares of the oil and gas producer’s stock valued at $755,000 after acquiring an additional 1,599 shares during the period. Principal Financial Group Inc. raised its stake in shares of EQT by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 377,039 shares of the oil and gas producer’s stock valued at $17,913,000 after acquiring an additional 4,754 shares during the period. Wesbanco Bank Inc. raised its stake in shares of EQT by 65.0% in the 1st quarter. Wesbanco Bank Inc. now owns 203,585 shares of the oil and gas producer’s stock valued at $9,672,000 after acquiring an additional 80,224 shares during the period. CIBC World Markets Inc. purchased a new position in shares of EQT in the 1st quarter valued at $374,000. Finally, Xact Kapitalforvaltning AB raised its stake in shares of EQT by 10.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 27,855 shares of the oil and gas producer’s stock valued at $1,323,000 after acquiring an additional 2,642 shares during the period. 87.86% of the stock is currently owned by institutional investors and hedge funds.
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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