Economy

EQT Corporation (NYSE:EQT) Short Interest & Technical Update

In a statement issued on Friday June 02, 2017 RBC Capital Markets upped the price target of EQT Corporation (NYSE:EQT) to $86.00 stating a potential upside of 0.57%. US Capital Advisors analyst C. Horwitz now anticipates that the firm will earn $0.40 per share for the quarter, up from their prior forecast of $0.35. US Capital Advisors also issued estimates for EQT Corporation's Q4 2017 earnings at $0.13 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $0.69 EPS.

Several other equities research analysts also recently commented on EQT. Scotiabank set a $77.00 target price on EQT Corporation and gave the stock a "hold" rating in a research report on Saturday, July 1st. Jefferies Group LLC reissued a "hold" rating and issued a $69.00 price target on shares of EQT Corporation in a research report on Tuesday, July 4th. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, May 2 report.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

Some buy side analysts are also providing their Analysis on EQT Corporation, where 4 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 8 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. EQT Corporation has an average rating of "Buy" and a consensus target price of $78.09.

WARNING: This article was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this article on another site, it was copied illegally and republished in violation of USA and worldwide copyright & trademark laws. The correct version of this article can be read at https://stocknewstimes.com/2017/10/27/fy2017-eps-estimates-for-eqt-corporation-cut-by-us-capital-advisors-eqt.html. EQT Corporation has its outstanding Shares of 173.04 Million. The stock has a market cap of $10.41 billion, a PE ratio of 2145.36 and a beta of 0.77. The company's 50 day moving average is $70.98 and its 200 day moving average is $71.86. According to these analysts, the Low Revenue Estimate for EQT Corporation is 624.5 Million and the High Revenue Estimate is 769.66 Million.

EQT Corporation has a consensus outperform rating from 18 Wall Street analysts, and the number of shares now sold short amount to at least 17.21% of shares outstanding. Raymond James Tru Na has invested 0.03% of its portfolio in EQT Corporation (NYSE:EQT). The company's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter past year, the company posted ($0.26) EPS. Shareholders of record on Friday, November 11th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. EQT Corporation's dividend payout ratio (DPR) is now 400.13%.

In related news, Director A. Bray Jr. The purchase was disclosed in a legal filing with the SEC, which is available at this link. KLR Group upgraded the shares of EQT in report on Friday, October 23 to "Buy" rating. Insider ownership during the previous year has increased by a net of 184754 shares. OppenheimerFunds Inc. bought a new stake in shares of EQT Corporation in the 1st quarter valued at approximately $218,000. The company now has an average volume of 2.87 Million. LLC increased its stake in EQT Corporation by 2.1% during the 2nd quarter. Whittier Trust Co. now owns 171,209 shares of the oil and gas producer's stock valued at $10,031,000 after purchasing an additional 5,872 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of EQT Corp. during the second quarter valued at $85,980,000. The stock of EQT Corporation (NYSE:EQT) earned "Buy" rating by BMO Capital Markets on Tuesday, October 10.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 0 Percent. Citigroup Inc. raised their target price on EQT Corp. from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, July 29th. EQT Corporation, its divisions and its subsidiaries, offer energy products and services to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities.



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