EQT Corporation (EQT) Stock Rating Reaffirmed by Jefferies Group LLC

EQT Corporation (NYSE:EQT)‘s stock had its “hold” rating restated by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. They presently have a $66.00 price objective on the oil and gas producer’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 4.93% from the stock’s current price.

EQT has been the subject of a number of other research reports. Cowen and Company reiterated a “buy” rating and issued a $80.00 price objective on shares of EQT Corporation in a research report on Tuesday, September 12th. Scotiabank set a $79.00 price objective on EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price objective on shares of EQT Corporation in a research report on Friday, September 1st. BidaskClub upgraded EQT Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Royal Bank Of Canada set a $79.00 price objective on EQT Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.30.

Shares of EQT Corporation (NYSE:EQT) traded down 0.27% during midday trading on Tuesday, hitting $62.73. The stock had a trading volume of 659,621 shares. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The firm has a 50-day moving average of $63.12 and a 200 day moving average of $60.46. The firm has a market cap of $10.87 billion, a PE ratio of 2240.36 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same quarter last year, the company earned ($0.35) EPS. The company’s quarterly revenue was up 720.1% on a year-over-year basis. On average, analysts expect that EQT Corporation will post $0.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “EQT Corporation (EQT) Stock Rating Reaffirmed by Jefferies Group LLC” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/eqt-corporation-eqt-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In other EQT Corporation news, Director A. Bray Jr. Cary purchased 406 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average cost of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in EQT Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc increased its holdings in EQT Corporation by 6.4% during the 2nd quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 247 shares in the last quarter. D.A. Davidson & CO. increased its holdings in EQT Corporation by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 721 shares in the last quarter. Amalgamated Bank increased its holdings in EQT Corporation by 8.9% during the 1st quarter. Amalgamated Bank now owns 10,685 shares of the oil and gas producer’s stock valued at $653,000 after purchasing an additional 869 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in EQT Corporation by 3.4% during the 2nd quarter. Whittier Trust

EQT has been the subject of a number of other research reports. Cowen and Company reiterated a “buy” rating and issued a $80.00 price objective on shares of EQT Corporation in a research report on Tuesday, September 12th. Scotiabank set a $79.00 price objective on EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 price objective on shares of EQT Corporation in a research report on Friday, September 1st. BidaskClub upgraded EQT Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Royal Bank Of Canada set a $79.00 price objective on EQT Corporation and gave the stock a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.30.

Shares of EQT Corporation (NYSE:EQT) traded down 0.27% during midday trading on Tuesday, hitting $62.73. The stock had a trading volume of 659,621 shares. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The firm has a 50-day moving average of $63.12 and a 200 day moving average of $60.46. The firm has a market cap of $10.87 billion, a PE ratio of 2240.36 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same quarter last year, the company earned ($0.35) EPS. The company’s quarterly revenue was up 720.1% on a year-over-year basis. On average, analysts expect that EQT Corporation will post $0.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “EQT Corporation (EQT) Stock Rating Reaffirmed by Jefferies Group LLC” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/eqt-corporation-eqt-stock-rating-reaffirmed-by-jefferies-group-llc.html.

In other EQT Corporation news, Director A. Bray Jr. Cary purchased 406 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average cost of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in EQT Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc increased its holdings in EQT Corporation by 6.4% during the 2nd quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 247 shares in the last quarter. D.A. Davidson & CO. increased its holdings in EQT Corporation by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 721 shares in the last quarter. Amalgamated Bank increased its holdings in EQT Corporation by 8.9% during the 1st quarter. Amalgamated Bank now owns 10,685 shares of the oil and gas producer’s stock valued at $653,000 after purchasing an additional 869 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in EQT Corporation by 3.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 36,634 shares of the oil and gas producer’s stock valued at $2,146,000 after purchasing an additional 1,188 shares in the last quarter. 90.55% of the stock is owned by hedge funds and other institutional investors.

About EQT Corporation

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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

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