Shares of EQT Co. (NYSE:EQT) have earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $65.85.
A number of research firms recently issued reports on EQT. TheStreet raised shares of EQT from a “d+” rating to a “c-” rating in a research report on Monday, July 23rd. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Morgan Stanley dropped their target price on shares of EQT from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 12th. Royal Bank of Canada set a $74.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Thursday, July 19th. Finally, TD Securities began coverage on shares of EQT in a research report on Thursday, July 5th. They set a “hold” rating and a $57.00 target price for the company.
EQT opened at $45.40 on Wednesday. The company has a market cap of $11.68 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. EQT has a 1 year low of $43.53 and a 1 year high of $66.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76.
EQT (NYSE:EQT) last posted its earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The company’s revenue was up 53.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts expect that EQT will post 2.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Friday, November 9th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.26%. EQT’s dividend payout ratio (DPR) is 8.16%.
In other news, Director Kenneth Michael Burke acquired 5,000 shares of the stock in a transaction on Thursday, August 9th. The stock was bought at an average price of $50.20 per share, with a total value of $251,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $251,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Iridian Asset Management LLC CT purchased a new position in shares of EQT during the 2nd quarter valued at approximately $195,704,000. Sound Shore Management Inc. CT purchased a new position in shares of EQT during the 2nd quarter valued at approximately $177,755,000. Canyon Capital Advisors LLC boosted its stake in shares of EQT by 115.1% during the 1st quarter. Canyon Capital Advisors LLC now owns 5,031,000 shares of the oil and gas producer’s stock valued at $239,023,000 after buying an additional 2,691,650 shares during the last quarter. Scopia Capital Management LP purchased a new position in shares of EQT during the 2nd quarter valued at approximately $102,772,000. Finally, Nomura Holdings Inc. boosted its stake in shares of EQT by 182,853.9% during the 2nd quarter. Nomura Holdings Inc. now owns 1,535,133 shares of the oil and gas producer’s stock valued at $84,708,000 after buying an additional 1,535,973 shares during the last quarter. 92.46% of the stock is owned by institutional investors.
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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