EQT Co. (NYSE:EQT) has received a consensus rating of “Buy” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $77.38.
A number of research analysts have recently issued reports on EQT shares. Credit Suisse Group started coverage on EQT in a report on Monday, December 11th. They issued an “outperform” rating and a $70.00 price target on the stock. Zacks Investment Research downgraded EQT from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price target on shares of EQT in a report on Tuesday, December 26th. SunTrust Banks reiterated a “hold” rating and issued a $65.00 price target on shares of EQT in a report on Friday, December 8th. Finally, Royal Bank of Canada set a $77.00 target price on EQT and gave the stock a “hold” rating in a research note on Wednesday, December 20th.
Shares of EQT (NYSE:EQT) traded down $0.56 during trading hours on Tuesday, hitting $51.94. The stock had a trading volume of 1,677,074 shares, compared to its average volume of 4,257,952. EQT has a twelve month low of $43.70 and a twelve month high of $67.84. The stock has a market cap of $13,820.00, a P/E ratio of 31.34, a PEG ratio of 2.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94.
EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.54. EQT had a return on equity of 2.35% and a net margin of 44.66%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $909.42 million. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up 197.9% compared to the same quarter last year. sell-side analysts forecast that EQT will post 1.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. EQT’s dividend payout ratio is currently 7.23%.
Institutional investors and hedge funds have recently modified their holdings of the business. Exxonmobil Investment Management Inc. TX lifted its position in EQT by 23.0% in the fourth quarter. Exxonmobil Investment Management Inc. TX now owns 38,929 shares of the oil and gas producer’s stock valued at $2,216,000 after purchasing an additional 7,279 shares during the period. Rhumbline Advisers boosted its position in shares of EQT by 1.8% in the third quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock valued at $21,887,000 after acquiring an additional 5,939 shares during the period. Keeley Teton Advisors LLC boosted its position in shares of EQT by 16.0% in the third quarter. Keeley Teton Advisors LLC now owns 30,413 shares of the oil and gas producer’s stock valued at $1,984,000 after acquiring an additional 4,196 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of EQT in the third quarter valued at about $907,000. Finally, Reinhart Partners Inc. boosted its position in shares of EQT by 44.1% in the fourth quarter. Reinhart Partners Inc. now owns 403,964 shares of the oil and gas producer’s stock valued at $22,994,000 after acquiring an additional 123,712 shares during the period.
EQT 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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