Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada set a $71.00 price target on shares of EQT and gave the company a buy rating in a research note on Thursday, September 20th. Jefferies Financial Group set a $52.00 target price on shares of EQT and gave the stock a hold rating in a research note on Tuesday, September 18th. Goldman Sachs Group started coverage on shares of EQT in a research note on Monday, September 17th. They set a neutral rating and a $54.00 target price for the company. LADENBURG THALM/SH SH set a $70.00 target price on shares of EQT and gave the stock a buy rating in a research note on Friday, August 17th. Finally, TheStreet raised shares of EQT from a d+ rating to a c- rating in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $65.85.
Shares of EQT stock traded up $0.05 during trading hours on Friday, hitting $45.40. 2,007,226 shares of the company’s stock traded hands, compared to its average volume of 3,123,998. The company has a market capitalization of $11.68 billion, a P/E ratio of 30.88, a PEG ratio of 1.33 and a beta of 0.61. EQT has a 12 month low of $43.53 and a 12 month high of $66.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 0.76.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter was up 53.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, sell-side analysts forecast that EQT will post 2.22 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 9th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, November 8th. EQT’s dividend payout ratio is presently 8.16%.
In other news, Director Kenneth Michael Burke bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $50.20 per share, with a total value of $251,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $251,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. US Bancorp DE grew its holdings in EQT by 8.2% in the second quarter. US Bancorp DE now owns 35,561 shares of the oil and gas producer’s stock worth $1,962,000 after purchasing an additional 2,692 shares during the period. Tredje AP fonden grew its holdings in EQT by 57.6% in the second quarter. Tredje AP fonden now owns 16,142 shares of the oil and gas producer’s stock worth $891,000 after purchasing an additional 5,902 shares during the period. Chartwell Investment Partners LLC grew its holdings in EQT by 20.0% in the second quarter. Chartwell Investment Partners LLC now owns 67,165 shares of the oil and gas producer’s stock worth $3,706,000 after purchasing an additional 11,190 shares during the period. Liberty Mutual Group Asset Management Inc. grew its holdings in EQT by 45.9% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 10,082 shares of the oil and gas producer’s stock worth $556,000 after purchasing an additional 3,174 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in EQT by 112.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 56,357 shares of the oil and gas producer’s stock worth $3,110,000 after purchasing an additional 29,831 shares during the period. Institutional investors and hedge funds own 92.46% of the company’s stock.
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.
See Also: Intrinsic Value
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