EQT (EQT) Rating Lowered to Sell at ValuEngine

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ValuEngine downgraded shares of EQT (NYSE:EQT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Several other analysts have also weighed in on EQT. TheStreet lowered shares of EQT from a c rating to a d+ rating in a research report on Monday, April 30th. Stifel Nicolaus began coverage on shares of EQT in a research report on Wednesday, May 23rd. They set a buy rating and a $65.00 target price on the stock. JPMorgan Chase & Co. set a $70.00 target price on shares of EQT and gave the company a buy rating in a research report on Wednesday, June 13th. Morgan Stanley decreased their target price on shares of EQT from $67.00 to $55.00 and set an equal weight rating on the stock in a research report on Friday, April 20th. Finally, Jefferies Financial Group reiterated a hold rating and set a $57.00 target price on shares of EQT in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. EQT currently has a consensus rating of Buy and an average price target of $74.00.

Shares of EQT opened at $55.18 on Tuesday, MarketBeat reports. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.44. EQT has a twelve month low of $43.70 and a twelve month high of $67.84. The stock has a market cap of $14.59 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.69.

EQT (NYSE:EQT) last issued its earnings results on Thursday, April 26th. The oil and gas producer reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.02. EQT had a negative net margin of 6.17% and a positive return on equity of 3.45%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 60.3% on a year-over-year basis. research analysts forecast that EQT will post 2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. EQT’s dividend payout ratio (DPR) is presently 8.16%.

In other news, insider Robert Joseph Mcnally purchased 4,000 shares of EQT stock in a transaction on Wednesday, June 6th. The shares were purchased at an average cost of $51.18 per share, for a total transaction of $204,720.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC raised its stake in shares of EQT by 9.0% in the first quarter. Flinton Capital Management LLC now owns 12,180 shares of the oil and gas producer’s stock worth $579,000 after acquiring an additional 1,008 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of EQT by 6.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,690 shares of the oil and gas producer’s stock worth $1,006,000 after acquiring an additional 1,087 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of EQT by 17.0% in the first quarter. Riverhead Capital Management LLC now owns 7,924 shares of the oil and gas producer’s stock worth $376,000 after acquiring an additional 1,150 shares during the last quarter. Neuburgh Advisers LLC raised its stake in shares of EQT by 9.0% in the first quarter. Neuburgh Advisers LLC now owns 14,790 shares of the oil and gas producer’s stock worth $703,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in shares of EQT by 14.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,370 shares of the oil and gas producer’s stock worth $590,000 after acquiring an additional 1,295 shares during the last quarter. Hedge funds and other institutional investors own 88.97% of the company’s stock.

About EQT

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for EQT (NYSE:EQT)

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