Published: Sun, May 28, 2017
Money | By Armando Alvarado

(EQT) Given Consensus Rating of "Buy" by Analysts


News coverage about EQT (NYSE:EQT) has trended positive recently, according to Alpha One. The firm owned 10,033 shares of the oil and gas producer's stock after selling 1,133 shares during the period. Zimmer Partners LP increased its stake in shares of EQT GP Holdings by 5.1% in the fourth quarter. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Dean Investment Associates LLC boosted its position in shares of EQT by 1.3% in the third quarter. Mn Services Vermogensbeheer B.V. raised its stake in EQT by 3.7% in the first quarter.

Bridgewater Associates Lp, which manages about $10.53B US Long portfolio, decreased its stake in Northern Tr Corp (NASDAQ:NTRS) by 15,300 shares to 25,200 shares, valued at $2.24M in 2016Q4, according to the filing. MD raised its stake in shares of EQT by 8.6% in the third quarter. MD now owns 17,065,832 shares of the oil and gas producer's stock valued at $1,239,321,000 after buying an additional 1,344,202 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of EQT by 9.1% in the first quarter.

The number of shares traded in the last trading session was 3.44 Million. Institutional investors and hedge funds own 93.46% of the company's stock. It is positive, as 40 investors sold EQT shares while 131 reduced holdings.

Currently Eqt Corp (NYSE:EQT)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 92.4%. Scotiabank set a $82.00 price objective on shares of EQT and gave the stock a "hold" rating in a report on Saturday, April 22nd. The company's 50 day moving average is $60.33 and its 200 day moving average is $63.20. Neuberger Berman Group LLC now owns 6,038,316 shares of the oil and gas company's stock worth $165,329,000 after buying an additional 1,021,156 shares during the last quarter.

Eqt Corp (NYSE:EQT) 52-week high price stands at $80.61 and low price stands at $55.09, its price distance from 52-week high is -30.15% while its distance from 52-week low price is 2.21%.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, April 27th.

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Previously Eqt Corp (NYSE:EQT) reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $-0.05.

The company's expected revenue in the current quarter to be 666.01 Million, seeing a projected current quarter growth of 151.4%, and per annum growth estimates over the next 5 year period of around 15%. EQT had a negative net margin of 28.16% and a negative return on equity of 0.53%. The company's revenue for the quarter was up 64.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. Analysts are expecting an EPS change of 104.80% for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 5th were issued a dividend of $0.191 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, May 10th. EQT GP Holdings's dividend payout ratio is 88.75%. Piedmont Investment Ltd Com owns 0% invested in EQT Corporation (NYSE:EQT) for 488 shares. If you are accessing this article on another website, it was copied illegally and reposted in violation of worldwide copyright legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/05/26/gabelli-funds-llc-acquires-shares-of-39000-eqt-co-eqt.html. The same analysts see shares reaching $31.03 within the next year on a consensus basis.

EQT has been the topic of several research analyst reports. Morgan Stanley upgraded the stock to "Overweight" rating in Tuesday, February 14 report. Finally, TheStreet downgraded EQT from a "c-" rating to a "d+" rating in a research report on Thursday, March 23rd. The firm earned "Outperform" rating on Tuesday, March 21 by William Blair. Jefferies Group LLC reissued a "hold" rating and set a $70.00 price objective on shares of EQT in a research report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The stock now has a consensus rating of "Buy" and an average price target of $81.50. 194,955 shares of the company's stock traded hands.

In other EQT news, Director A. Bray Jr. Cary bought 421 shares of the stock in a transaction dated Monday, April 3rd. Grt Capital Partners Llc sold 40,016 shares as the company's stock declined 9.10% while stock markets rallied. The disclosure for this sale can be found here.

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