EQT Corporation (NYSE:EQT) – Stock analysts at Seaport Global Securities lowered their Q2 2018 EPS estimates for shares of EQT in a report issued on Tuesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas producer will post earnings per share of $0.19 for the quarter, down from their prior 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.

Several other analysts have also recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $64.00 price objective on shares of EQT in a research note on Thursday, December 14th. Credit Suisse Group initiated 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. SunTrust Banks reissued a “hold” rating and issued a $65.00 target price on shares of EQT in a report on Friday, December 8th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 target price on shares of EQT in a report on Tuesday, November 14th. Finally, Cowen set a $80.00 target price on shares of EQT and gave the company a “buy” rating in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. EQT has a consensus rating of “Buy” and an average price target of $77.25.

Shares of EQT (EQT) traded down $0.91 during trading on Wednesday, reaching $54.42. 4,123,300 shares of the company’s stock traded hands, compared to its average volume of 3,128,123. EQT has a twelve month low of $49.63 and a twelve month high of $68.16. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9,618.13, a PE ratio of 63.60, a price-to-earnings-growth ratio of 4.29 and a beta of 0.76.

EQT (NYSE:EQT) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. EQT had a net margin of 1.39% and a return on equity of 1.61%. The business had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. During the same quarter in the previous year, the company earned ($0.26) EPS. The business’s revenue was up 18.6% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in EQT. Aureus Asset Management LLC bought a new stake in shares of EQT during the 2nd quarter valued at approximately $205,000. Zeke Capital Advisors LLC bought a new stake in shares of EQT during the 3rd quarter valued at approximately $212,000. Pinebridge Investments L.P. bought a new stake in shares of EQT during the 2nd quarter valued at approximately $212,000. D.A. Davidson & CO. grew its holdings in shares of EQT by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 721 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of EQT by 83.3% during the 3rd quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock valued at $767,000 after purchasing an additional 5,347 shares during the last quarter. 90.54% of the stock is currently owned by institutional investors.

In related news, Director A. Bray Jr. Cary purchased 406 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were bought at an average cost of $65.24 per share, with a total value of $26,487.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman David L. Porges sold 53,760 shares of EQT stock in a transaction that occurred 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 sale, the chairman now directly owns 438,601 shares in the company, valued at $25,938,863.14. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.22%. The ex-dividend date was Thursday, November 9th. EQT’s dividend payout ratio is currently 57.15%.

COPYRIGHT VIOLATION WARNING: This article was first published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/seaport-global-securities-weighs-in-on-eqt-corporations-q2-2018-earnings-eqt/1774817.html.

About EQT

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.

Earnings History and Estimates for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.