A number of other equities analysts have also issued reports on the company. Jefferies Group LLC reissued a hold rating and issued a $69.00 target price on shares of EQT Corporation in a research note on Thursday, April 6th. Barclays PLC downgraded EQT GP Holdings, from an overweight rating to an equal weight rating and lowered their price target for the company from $32.00 to $30.00 in a research report on Tuesday. Finally, Tudor Pickering upgraded shares of EQT Corporation from a "hold" rating to a "buy" rating in a research note on Monday, March 13th. Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of EQT GP Holdings, in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and an average target price of $80.27.
EQT GP Holdings, (NYSE:EQGP) last released its quarterly earnings results on Thursday, April 27th. Following the completion of the acquisition, the director now directly owns 22,627 shares in the company, valued at approximately $1,211,675.85. The firm's market cap is $10.93 billion. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $76.22. The firm has a 50 day moving average price of $57.75 and a 200 day moving average price of $59.83.
In the last earnings report the EPS was $-1.72 and is projected to be $1.14 for the current year with 173,315,000 shares now outstanding. EQT GP Holdings, had a net margin of 30.13% and a return on equity of 11.39%. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $201.54 million. During the same period in the prior year, the company posted $0.07 earnings per share. Equities analysts predict that EQT GP Holdings, will post $0.90 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. The ex-dividend date is Wednesday, August 9th. The dividend yield will be $0.19. EQT Corporation's dividend payout ratio is now -6.82%. Also, insider David E. Jr. The transaction was disclosed in a document filed with the SEC, which is available at this link.
EQT Corporation (EQT), launched on June 10, 2008, is a natural gas company. Cary bought 28,000 shares of the firm's stock in a transaction that occurred on Friday, June 23rd. Vice President and CFO bought $75,000 worth of shares at an average price of $50.00 on June 21st. Insiders bought 41,901 shares of company stock valued at $2,211,775 over the last quarter. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently modified their holdings of the company. As of the end of the quarter Bollard Group LLC had bought a total of 3 shares growing its holdings by 0.0%. LVW Advisors LLC increased its stake in shares of EQT GP Holdings, by 1.9% in the first quarter. Chickasaw Capital Management LLC raised its stake in shares of EQT GP Holdings, by 2.2% in the first quarter. Aristotle Capital Management LLC now owns 3,103,382 shares of the oil and gas producer's stock valued at $202,961,000 after buying an additional 102,463 shares during the last quarter. Proficio Capital Partners LLC increased its stake in EQT GP Holdings, by 4.2% in the first quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of EQT Corporation during the fourth quarter valued at about $366,000. American Century Companies Inc. now owns 9,035,038 shares of the oil and gas producer's stock worth $552,041,000 after buying an additional 756,782 shares during the last quarter. The operations of EQT Gathering include the natural gas gathering activities of the Company, consisting exclusively of assets that are owned and operated by EQT Midstream Partners, LP (EQM).
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