EQT (EQT) Trading Up -1.4% Following Strong Earnings

EQT Co. (NYSE:EQT) was up 1.4% during mid-day trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $53.55 and last traded at $52.59. Approximately 3,259,670 shares were traded during trading, a decline of 19% from the average daily volume of 4,032,425 shares. The stock had previously closed at $53.34.

The oil and gas producer reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.54. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $909.42 million. EQT had a return on equity of 2.92% and a net margin of 44.66%. The company’s quarterly revenue was up 197.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 14th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. EQT’s dividend payout ratio (DPR) is 7.23%.

Several analysts recently issued reports on EQT shares. Citigroup reiterated a “buy” rating and set a $79.00 target price on shares of EQT in a report on Monday, January 22nd. BMO Capital Markets reiterated a “buy” rating and set a $75.00 target price on shares of EQT in a report on Tuesday, December 26th. Morgan Stanley reiterated an “equal weight” rating and set a $64.00 target price on shares of EQT in a report on Thursday, December 14th. Jefferies Group set a $65.00 target price on EQT and gave the stock a “hold” rating in a report on Tuesday, January 30th. Finally, SunTrust Banks reiterated a “hold” rating and set a $65.00 target price on shares of EQT in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. EQT has a consensus rating of “Buy” and a consensus target price of $76.77.

Large investors have recently added to or reduced their stakes in the business. Exxonmobil Investment Management Inc. TX raised its stake in EQT by 23.0% in the fourth quarter. Exxonmobil Investment Management Inc. TX now owns 38,929 shares of the oil and gas producer’s stock valued at $2,216,000 after buying an additional 7,279 shares during the period. Rhumbline Advisers raised its stake in EQT by 1.8% in the third quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock valued at $21,887,000 after buying an additional 5,939 shares during the period. Keeley Teton Advisors LLC raised its stake in EQT by 16.0% in the third quarter. Keeley Teton Advisors LLC now owns 30,413 shares of the oil and gas producer’s stock valued at $1,984,000 after buying an additional 4,196 shares during the period. Crossmark Global Holdings Inc. bought a new stake in EQT in the third quarter valued at approximately $907,000. Finally, Reinhart Partners Inc. raised its stake in EQT by 44.1% in the fourth quarter. Reinhart Partners Inc. now owns 403,964 shares of the oil and gas producer’s stock valued at $22,994,000 after buying an additional 123,712 shares during the period.

The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a market cap of $13,960.00, a P/E ratio of 31.66, a PEG ratio of 2.13 and a beta of 0.70.

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EQT 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.

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