BMO Capital Markets set a $70.00 target price on EQT Corporation (NYSE:EQT) in a report issued on Friday, July 28th. The brokerage currently has a buy rating on the oil and gas producer’s stock.
EQT has been the subject of a number of other reports. Jefferies Group LLC reissued a hold rating and issued a $69.00 price target on shares of EQT Corporation in a report on Thursday, April 6th. Royal Bank Of Canada lowered shares of EQT Corporation from an outperform rating to a sector perform rating and reduced their price objective for the company from $86.00 to $80.00 in a research note on Wednesday, July 5th. Stifel Nicolaus reissued a buy rating and issued a $81.00 price target (up from $63.00) on shares of EQT Corporation in a research report on Tuesday, May 2nd. BidaskClub raised shares of EQT Corporation from a strong sell rating to a sell rating in a research report on Friday, June 16th. Finally, Scotiabank upgraded EQT Corporation from a sector perform rating to an outperform rating and increased their price objective for the stock from $77.00 to $81.00 in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $79.58.
Shares of EQT Corporation (NYSE:EQT) traded down 0.25% during trading on Friday, reaching $60.90. 763,145 shares of the company traded hands. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 2175.00 and a beta of 0.77. The firm’s 50 day moving average price is $61.80 and its 200-day moving average price is $59.78.
EQT Corporation (NYSE:EQT) last announced its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. EQT Corporation’s revenue was up 720.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.35) EPS. Equities analysts anticipate that EQT Corporation will post $1.02 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “EQT Corporation (NYSE:EQT) PT Set at $70.00 by BMO Capital Markets” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/16/eqt-corporation-nyseeqt-earns-buy-rating-from-bmo-capital-markets-updated-updated.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Wednesday, August 9th. EQT Corporation’s dividend payout ratio (DPR) is presently 400.13%.
In related news, Director A. Bray Jr. Cary purchased 28,000 shares of the stock in a transaction on Friday, June 23rd. The shares were purchased at an average price of $53.55 per share, with a total value of $1,499,400.00. Following the transaction, the director now directly owns 22,627 shares of the company’s stock, valued at $1,211,675.85. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Joseph Mcnally purchased 1,500 shares of the stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of $50.00 per share, for a total transaction of $75,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 41,901 shares of company stock worth $2,211,775 in the last 90 days. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of EQT. South Dakota Investment Council acquired a new position in EQT Corporation during the first quarter worth $354,000. Knights of Columbus Asset Advisors LLC acquired a new position in EQT Corporation during the first quarter worth $760,000. Whittier Trust Co. raised its position in EQT Corporation by 3.6% in the second quarter. Whittier Trust Co. now owns 171,209 shares of the oil and gas producer’s stock worth $10,031,000 after buying an additional 5,872 shares during the last quarter. BlackRock Inc. raised its position in EQT Corporation by 3,346.4% in the first quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock worth $832,575,000 after buying an additional 13,231,032 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of EQT Corporation by 9.9% in the first quarter. Clearbridge Investments LLC now owns 20,969 shares of the oil and gas producer’s stock worth $1,281,000 after buying an additional 1,890 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.
EQT Corporation 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.
Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
