EQT Corp. (NYSE:EQT) – Analysts at Seaport Global Securities upped their Q3 2016 earnings per share estimates for EQT Corp. in a report released on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the firm will post earnings of ($0.40) per share for the quarter, up from their prior estimate of ($0.42). Seaport Global Securities also issued estimates for EQT Corp.’s FY2016 earnings at ($0.54) EPS.
Several other equities research analysts have also commented on EQT. KLR Group reaffirmed a “buy” rating and set a $95.00 price target (down previously from $100.00) on shares of EQT Corp. in a research report on Monday, August 1st. Howard Weil reduced their price target on shares of EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating for the company in a research report on Friday, July 29th. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, July 5th. Citigroup Inc. upped their price target on shares of EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Finally, Barclays PLC increased their target price on shares of EQT Corp. from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$78.22.
Shares of EQT Corp. (NYSE:EQT) opened at 67.46 on Monday. The stock has a 50 day moving average of $71.91 and a 200-day moving average of $71.90. The company’s market capitalization is $11.65 billion. EQT Corp. has a one year low of $47.10 and a one year high of $80.61.
EQT Corp. (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.06. The firm earned $127.53 million during the quarter, compared to analyst estimates of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The business’s quarterly revenue was down 71.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS.
A number of hedge funds have recently modified their holdings of the company. Mizuho Asset Management Co. Ltd. increased its stake in shares of EQT Corp. by 116.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,280 shares of the company’s stock worth $177,000 after buying an additional 1,229 shares in the last quarter. Independent Portfolio Consultants Inc. bought a new stake in shares of EQT Corp. during the third quarter worth about $182,000. Euclid Advisors LLC bought a new stake in shares of EQT Corp. during the second quarter worth about $183,000. Capital Guardian Trust Co. increased its stake in shares of EQT Corp. by 1,304.3% in the second quarter. Capital Guardian Trust Co. now owns 2,584 shares of the company’s stock worth $200,000 after buying an additional 2,400 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock worth $203,000 after buying an additional 100 shares in the last quarter. Institutional investors own 87.73% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a yield of 0.18%. EQT Corp.’s dividend payout ratio is presently -5.66%.
About EQT Corp.