A number of other equities research analysts also recently weighed in on the stock. Credit Suisse Group initiated coverage on shares of EQT in a research note on Monday, December 11th. They set an outperform rating and a $70.00 price target on the stock. Zacks Investment Research cut EQT from a hold rating to a sell rating in a report on Tuesday, January 9th. BMO Capital Markets reissued a buy rating and set a $75.00 price objective on shares of EQT in a report on Tuesday, December 26th. Royal Bank of Canada raised EQT from a sector perform rating to an outperform rating and lifted their price objective for the company from $45.73 to $77.00 in a report on Monday, February 12th. They noted that the move was a valuation call. Finally, SunTrust Banks reissued a hold rating and set a $65.00 price objective on shares of EQT in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $76.77.
Shares of EQT stock opened at $48.64 on Monday. EQT has a 52 week low of $43.70 and a 52 week high of $67.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $13,342.66, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.74.
EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.54. EQT had a net margin of 44.66% and a return on equity of 2.35%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $909.42 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue was up 197.9% compared to the same quarter last year. equities analysts forecast that EQT will post 1.8 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were issued a $0.03 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. EQT’s dividend payout ratio is 1.68%.
Institutional investors have recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new position in shares of EQT in the fourth quarter valued at about $104,000. NuWave Investment Management LLC bought a new position in shares of EQT in the fourth quarter valued at about $126,000. Assetmark Inc. raised its holdings in shares of EQT by 445.1% in the fourth quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock valued at $130,000 after buying an additional 1,865 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of EQT in the third quarter valued at about $212,000. Finally, FNY Partners Fund LP bought a new position in shares of EQT in the fourth quarter valued at about $220,000. 91.47% of the stock is owned by institutional investors and hedge funds.
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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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