ValuEngine upgraded shares of EQT (NYSE:EQT) from a sell rating to a hold rating in a research note published on Wednesday morning.
Several other brokerages have also weighed in on EQT. TheStreet lowered shares of EQT from a c rating to a d+ rating in a research report on Monday, April 30th. Jefferies Financial Group reiterated a hold rating and set a $57.00 target price on shares of EQT in a research report on Monday, March 19th. Morgan Stanley reiterated an equal weight rating and set a $67.00 target price (up from $64.00) on shares of EQT in a research report on Wednesday, February 21st. Stifel Nicolaus started coverage on shares of EQT in a research report on Wednesday, May 23rd. They set a buy rating and a $65.00 target price on the stock. Finally, JPMorgan Chase & Co. set a $70.00 target price on shares of EQT and gave the company a buy rating in a research report on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $74.00.
EQT opened at $53.68 on Wednesday, Marketbeat reports. EQT has a 52-week low of $43.70 and a 52-week high of $67.84. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. The stock has a market cap of $14.85 billion, a PE ratio of 36.52, a P/E/G ratio of 1.82 and a beta of 0.69.
EQT (NYSE:EQT) last posted its quarterly earnings data on Thursday, April 26th. The oil and gas producer reported $1.01 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 60.3% compared to the same quarter last year. research analysts expect that EQT will post 2.05 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. EQT’s dividend payout ratio (DPR) is presently 8.16%.
In other news, insider Robert Joseph Mcnally purchased 4,000 shares of EQT stock in a transaction on Wednesday, June 6th. The shares were purchased at an average cost of $51.18 per share, for a total transaction of $204,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in EQT. Boston Partners boosted its position in EQT by 61.7% in the first quarter. Boston Partners now owns 12,103,573 shares of the oil and gas producer’s stock valued at $575,041,000 after buying an additional 4,616,940 shares in the last quarter. BlackRock Inc. lifted its position in shares of EQT by 29.7% during the fourth quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock worth $1,059,671,000 after purchasing an additional 4,265,536 shares in the last quarter. Canyon Capital Advisors LLC lifted its position in shares of EQT by 115.1% during the first quarter. Canyon Capital Advisors LLC now owns 5,031,000 shares of the oil and gas producer’s stock worth $239,023,000 after purchasing an additional 2,691,650 shares in the last quarter. NWQ Investment Management Company LLC lifted its position in shares of EQT by 45.6% during the fourth quarter. NWQ Investment Management Company LLC now owns 2,665,792 shares of the oil and gas producer’s stock worth $151,737,000 after purchasing an additional 834,827 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of EQT by 781.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 924,566 shares of the oil and gas producer’s stock worth $43,926,000 after purchasing an additional 819,629 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.
EQT Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.