EQT (EQT) Receiving Somewhat Positive Press Coverage, Study Finds
Headlines about EQT (NYSE:EQT) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EQT earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 46.9461500804477 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- EQT Releases 2018 Corporate Social Responsibility Report (bizjournals.com)
- Retro Inspired! The adidas EQT Support 91/18 (stupiddope.com)
- EQT (EQT) Down 5.9% Since Last Earnings Report: Can It Rebound? (finance.yahoo.com)
- Commodities moves: Van Bergh joins Wells Fargo (risk.net)
- Zacks: Brokerages Expect EQT Co. (EQT) Will Announce Quarterly Sales of $1.11 Billion (americanbankingnews.com)
A number of equities analysts have weighed in on the stock. Royal Bank of Canada set a $74.00 price target on shares of EQT and gave the stock a “buy” rating in a research report on Thursday, July 19th. TheStreet upgraded shares of EQT from a “d+” rating to a “c-” rating in a research report on Monday, July 23rd. ValuEngine lowered shares of EQT from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Stifel Nicolaus assumed coverage on shares of EQT in a research report on Wednesday, May 23rd. They issued a “buy” rating and a $65.00 price target for the company. Finally, JPMorgan Chase & Co. set a $70.00 price target on shares of EQT and gave the stock a “buy” rating in a research report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.57.
EQT (NYSE:EQT) last released its earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.37 by $0.07. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up 53.1% compared to the same quarter last year. equities research analysts anticipate that EQT will post 2.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Stockholders of record on Friday, August 10th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, August 9th. EQT’s dividend payout ratio (DPR) is presently 8.16%.
In related news, Director Kenneth Michael Burke bought 5,000 shares of the stock in a transaction dated 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 owns 5,000 shares of the company’s stock, valued at $251,000. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Joseph Mcnally bought 4,000 shares of the stock in a transaction dated Wednesday, June 6th. The stock was bought at an average cost of $51.18 per share, for a total transaction of $204,720.00. The disclosure for this purchase can be found here. Insiders bought 9,385 shares of company stock worth $476,964 in the last three months. Insiders own 0.68% of the company’s stock.
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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