EQT Corporation’s (EQT) “Hold” Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of EQT Corporation (NYSE:EQT) in a research report released on Tuesday morning. The brokerage currently has a $66.00 price objective on the oil and gas producer’s stock. Jefferies Group also issued estimates for EQT Corporation’s Q3 2017 earnings at $0.02 EPS, Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $1.01 EPS, Q1 2018 earnings at $0.68 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $1.00 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.82 EPS and FY2019 earnings at $3.72 EPS.

Other analysts also recently issued reports about the company. Scotia Howard Weill raised EQT Corporation from a sector perform rating to a sector outperform rating in a research note on Friday, July 14th. Stifel Nicolaus reaffirmed a buy rating and set a $87.00 price objective on shares of EQT Corporation in a research note on Thursday, September 14th. Royal Bank Of Canada reaffirmed a hold rating and set a $78.00 price objective on shares of EQT Corporation in a research note on Thursday, July 20th. BidaskClub downgraded EQT Corporation from a buy rating to a hold rating in a research note on Thursday, August 17th. Finally, BMO Capital Markets set a $70.00 price objective on EQT Corporation and gave the company a buy rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. EQT Corporation has an average rating of Buy and a consensus target price of $79.45.

Shares of EQT Corporation (EQT) traded down 0.02% on Tuesday, hitting $63.48. The stock had a trading volume of 855,822 shares. The stock has a 50 day moving average price of $63.32 and a 200-day moving average price of $60.54. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 2267.14 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last posted its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. During the same period in the previous year, the business earned ($0.35) EPS. The business’s quarterly revenue was up 720.1% on a year-over-year basis. On average, equities analysts expect that EQT Corporation will post $0.93 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Thursday, November 9th. EQT Corporation’s payout ratio is 400.13%.

In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were bought at an average price of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in EQT Corporation by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 17,207,739 shares of the oil and gas producer’s stock worth $1,051,393,000 after purchasing an additional 522,164 shares during the period. BlackRock Inc. grew its holdings in shares of EQT Corporation by 3,346.4% in the 1st quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock worth $832,575,000 after acquiring an additional 13,231,032 shares during the period. State Street Corp grew its holdings in shares of EQT Corporation by 13.6% in the 1st quarter. State Street Corp now owns 10,635,812 shares of the oil and gas producer’s stock worth $649,846,000 after acquiring an additional 1,270,294 shares during the period. OZ Management LP acquired a new stake in shares of EQT Corporation in the 1st quarter worth approximately $281,711,000. Finally, Aristotle Capital Management LLC grew its holdings in shares of EQT Corporation by 8.9% in the 1st quarter. Aristotle Capital Management LLC now owns 3,379,750 shares of the oil and gas producer’s stock worth $206,502,000 after acquiring an additional 276,368 shares during the period. Institutional investors own 90.55% of the company’s stock.

EQT Corporation 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.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

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