EQT Corporation (NYSE:EQT) – Investment analysts at Seaport Global Securities cut their Q2 2018 EPS estimates for EQT in a report issued on Tuesday, according to Zacks Investment Research. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will earn $0.19 per share for the quarter, down from their previous estimate of $0.23. Seaport Global Securities currently has a “Buy” rating and a $79.00 target price on the stock. Seaport Global Securities also issued estimates for EQT’s Q4 2018 earnings at $0.34 EPS.
EQT has been the topic of a number of other research reports. SunTrust Banks reissued a “hold” rating and set a $65.00 price objective on shares of EQT in a report on Friday, December 8th. Credit Suisse Group assumed coverage on shares of EQT in a report on Monday, December 11th. They issued an “outperform” rating and a $70.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of EQT from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Royal Bank of Canada set a $77.00 target price on shares of EQT and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Jefferies Group set a $62.00 target price on shares of EQT and gave the company a “hold” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $76.75.
Shares of EQT (EQT) opened at $58.46 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. EQT has a 1-year low of $49.63 and a 1-year high of $67.84. The firm has a market cap of $15,530.00, a P/E ratio of 292.30, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76.
EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. EQT had a net margin of 1.39% and a return on equity of 1.61%. The company had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $667.05 million. During the same quarter last year, the company earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis.
In other news, Director Thomas F. Karam acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $59.26 per share, for a total transaction of $592,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,185,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David L. Porges sold 53,760 shares of EQT stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the completion of the transaction, the chairman now owns 438,601 shares in the company, valued at $25,938,863.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EQT. Neuberger Berman Group LLC boosted its position in shares of EQT by 13.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock worth $136,412,000 after purchasing an additional 270,054 shares in the last quarter. Mitchell Group Inc. boosted its position in shares of EQT by 11.1% during the 2nd quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock worth $32,551,000 after purchasing an additional 55,330 shares in the last quarter. Amalgamated Bank boosted its position in shares of EQT by 68.8% during the 2nd quarter. Amalgamated Bank now owns 18,031 shares of the oil and gas producer’s stock worth $1,056,000 after purchasing an additional 7,346 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of EQT by 8.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 474,265 shares of the oil and gas producer’s stock worth $27,787,000 after purchasing an additional 38,836 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new stake in shares of EQT during the 2nd quarter worth $212,000. Institutional investors own 90.54% of the company’s stock.
EQT 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.
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