EQT (NYSE: EQT) has recently received a number of price target changes and ratings updates:

  • 9/26/2018 – EQT had its price target lowered by analysts at Morgan Stanley from $54.00 to $45.00. They now have a “hold” rating on the stock.
  • 9/20/2018 – EQT was given a new $71.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 9/18/2018 – EQT was given a new $52.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “hold” rating on the stock.
  • 9/17/2018 – EQT is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $54.00 price target on the stock.
  • 8/17/2018 – EQT was given a new $70.00 price target on by analysts at LADENBURG THALM/SH SH. They now have a “buy” rating on the stock.
  • 8/16/2018 – EQT had its price target lowered by analysts at Morgan Stanley from $59.00 to $54.00. They now have an “equal weight” rating on the stock.

Shares of NYSE:EQT opened at $44.71 on Friday. The company has a market capitalization of $12.39 billion, a P/E ratio of 30.41, a PEG ratio of 1.41 and a beta of 0.60. EQT Co. has a fifty-two week low of $43.70 and a fifty-two week high of $66.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 0.76.

EQT (NYSE:EQT) last issued its earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.13 billion. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The firm’s revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share. analysts predict that EQT Co. will post 2.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Friday, August 10th were issued a $0.03 dividend. The ex-dividend date was Thursday, August 9th. This represents a $0.12 annualized dividend and a yield of 0.27%. EQT’s dividend payout ratio (DPR) is 8.16%.

In other news, Director Kenneth Michael Burke bought 5,000 shares of EQT stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $50.20 per share, with a total value of $251,000.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $251,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.68% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Tredje AP fonden raised its holdings in EQT by 57.6% during the second quarter. Tredje AP fonden now owns 16,142 shares of the oil and gas producer’s stock worth $891,000 after purchasing an additional 5,902 shares in the last quarter. Liberty Mutual Group Asset Management Inc. raised its holdings in EQT by 45.9% during the second quarter. Liberty Mutual Group Asset Management Inc. now owns 10,082 shares of the oil and gas producer’s stock worth $556,000 after purchasing an additional 3,174 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in EQT by 20.0% during the second quarter. Chartwell Investment Partners LLC now owns 67,165 shares of the oil and gas producer’s stock worth $3,706,000 after purchasing an additional 11,190 shares in the last quarter. RFG Advisory Group LLC acquired a new stake in EQT during the second quarter worth approximately $331,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in EQT by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 945,812 shares of the oil and gas producer’s stock worth $52,190,000 after purchasing an additional 57,606 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

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