EQT Corp. (NYSE:EQT) has been given an average rating of “Hold” by the twenty-one brokerages that are presently covering the firm. Eleven analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$78.12.
Several brokerages have recently issued reports on EQT. Howard Weil cut shares of EQT Corp. from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $91.00 to $90.00 in a report on Thursday, August 11th. Zacks Investment Research cut shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Tudor Pickering cut shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. KLR Group restated a “buy” rating and issued a $95.00 target price (down previously from $100.00) on shares of EQT Corp. in a report on Monday, August 1st. Finally, Scotiabank cut shares of EQT Corp. from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $91.00 to $90.00 in a report on Thursday, August 11th.
A number of institutional investors have recently modified their holdings of EQT. Ngam Advisors L.P. acquired a new position in shares of EQT Corp. during the first quarter worth $692,000. M&T Bank Corp raised its position in shares of EQT Corp. by 7.4% in the first quarter. M&T Bank Corp now owns 14,742 shares of the company’s stock worth $991,000 after buying an additional 1,016 shares during the period. ING Groep NV acquired a new position in shares of EQT Corp. during the first quarter worth $249,000. Aviva PLC raised its position in shares of EQT Corp. by 8.1% in the first quarter. Aviva PLC now owns 86,909 shares of the company’s stock worth $5,846,000 after buying an additional 6,475 shares during the period. Finally, Credit Agricole S A raised its position in shares of EQT Corp. by 67.2% in the first quarter. Credit Agricole S A now owns 42,131 shares of the company’s stock worth $2,833,000 after buying an additional 16,929 shares during the period. 87.74% of the stock is owned by institutional investors and hedge funds.
EQT Corp. (NYSE:EQT) opened at 66.01 on Tuesday. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61. The firm’s market cap is $11.40 billion. The firm’s 50-day moving average is $70.00 and its 200 day moving average is $71.86.
EQT Corp. (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 27th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.15. The firm had revenue of $502.55 million for the quarter, compared to the consensus estimate of $456.55 million. EQT Corp. had a negative net margin of 21.61% and a negative return on equity of 1.17%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. Equities analysts forecast that EQT Corp. will post ($0.67) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Tuesday, November 8th. EQT Corp.’s dividend payout ratio is presently -4.92%.