Somewhat Positive News Coverage Somewhat Unlikely to Affect EQT (EQT) Share Price
Media headlines about EQT (NYSE:EQT) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. EQT earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 47.2442350382251 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- What to expect at governor’s inauguration this weekend (therepublic.com)
- Chesapeake’s Implied Volatility: Estimating the Stock’s Price Range (finance.yahoo.com)
- Brokerages Anticipate EQT Corporation (EQT) to Announce $0.28 Earnings Per Share (americanbankingnews.com)
- Top Buys by Directors: Karam’s $592.6K Bet on EQT (nasdaq.com)
- The Zacks Analyst Blog Highlights: Rex Energy, WPX Energy, Antero Resources, EQT and Cabot Oil & Gas (finance.yahoo.com)
EQT (EQT) traded down $0.24 during mid-day trading on Friday, hitting $58.46. 3,119,905 shares of the company’s stock traded hands, compared to its average volume of 3,380,000. The stock has a market capitalization of $15,530.00, a price-to-earnings ratio of 292.30, a price-to-earnings-growth ratio of 2.61 and a beta of 0.76. EQT has a 1-year low of $49.63 and a 1-year high of $67.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.
A number of research firms recently weighed in on EQT. ValuEngine lowered shares of EQT from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday. Seaport Global Securities raised shares of EQT from a “neutral” rating to a “buy” rating and increased their price target for the company from $57.00 to $79.00 in a research report on Tuesday, September 26th. Jefferies Group set a $62.00 price target on shares of EQT and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Scotiabank reissued an “average” rating and set a $79.00 price target on shares of EQT in a research report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. EQT presently has a consensus rating of “Hold” and an average price target of $76.75.
In related news, Director Thomas F. Karam acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was purchased at an average cost of $59.26 per share, with a total value of $592,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David L. Porges sold 53,760 shares of the 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 completion of the transaction, the chairman now directly owns 438,601 shares of the company’s stock, valued at $25,938,863.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
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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