Royal Bank Of Canada set a $79.00 price objective on EQT Corporation (NYSE:EQT) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the oil and gas producer’s stock.

Several other analysts also recently commented on EQT. Scotiabank set a $77.00 target price on shares of EQT Corporation and gave the stock a hold rating in a research report on Saturday, July 1st. BMO Capital Markets set a $70.00 target price on shares of EQT Corporation and gave the stock a buy rating in a research report on Friday. Scotia Howard Weill raised shares of EQT Corporation from a sector perform rating to a sector outperform rating in a research report on Friday, July 14th. Jefferies Group LLC set a $66.00 target price on shares of EQT Corporation and gave the stock a hold rating in a research report on Monday, May 1st. Finally, Stifel Nicolaus reissued a buy rating and issued a $81.00 target price (up from $63.00) on shares of EQT Corporation in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $80.38.

EQT Corporation (EQT) opened at 63.70 on Friday. The stock has a market cap of $11.04 billion, a P/E ratio of 2275.00 and a beta of 0.76. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74. The stock has a 50 day moving average of $59.67 and a 200-day moving average of $59.82.

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, beating the Zacks’ consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The firm had revenue of $631.10 million for the quarter, compared to the consensus estimate of $642.21 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The firm’s revenue was up 720.1% on a year-over-year basis. Analysts forecast that EQT Corporation will post $1.11 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/eqt-corporation-eqt-pt-set-at-79-00-by-royal-bank-of-canada/1464956.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend is Wednesday, August 9th. EQT Corporation’s dividend payout ratio is currently 400.13%.

In other news, insider David E. Jr. Schlosser acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average cost of $50.96 per share, with a total value of $509,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Bray Jr. Cary acquired 28,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average cost of $53.55 per share, with a total value of $1,499,400.00. Following the completion of the acquisition, the director now owns 22,627 shares in the company, valued at approximately $1,211,675.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 41,901 shares of company stock valued at $2,211,775. 1.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd bought a new position in EQT Corporation during the first quarter valued at approximately $110,000. Invictus RG bought a new position in EQT Corporation during the first quarter valued at approximately $119,000. Pacer Advisors Inc. boosted its position in EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in EQT Corporation during the first quarter valued at approximately $211,000. Finally, Fisher Asset Management LLC boosted its position in EQT Corporation by 7.0% in the first quarter. Fisher Asset Management LLC now owns 3,474 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 226 shares during the last quarter. 90.54% of the stock is owned by institutional investors and hedge funds.

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)

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 Analyst Ratings Network's FREE daily email newsletter.