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.
COPYRIGHT VIOLATION NOTICE: “EQT Corporation’s (EQT) “Hold” Rating Reiterated at Jefferies Group LLC” was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/10/13/eqt-corporations-eqt-hold-rating-reiterated-at-jefferies-group-llc.html.
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.
Receive News & Ratings for EQT Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corporation and related companies with MarketBeat.com's FREE daily email newsletter.