News stories about EQT (NYSE:EQT) have trended somewhat negative recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EQT earned a media sentiment score of -0.06 on AlphaOne’s scale. AlphaOne also assigned press coverage about the oil and gas producer an impact score of 95 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- EQT Co. Expected to Earn Q2 2017 Earnings of $0.18 Per Share (EQT) (americanbankingnews.com)
- Does A Low Debt-To-Equity Ratio Make EQT Corporation (EQT) Financially Strong? (simplywall.st)
- Jefferies Group Analysts Raise Earnings Estimates for EQT Co. (EQT) (americanbankingnews.com)
- Jefferies Group LLC Analysts Give EQT Co. (EQT) a $64.00 Price Target (americanbankingnews.com)
- $651.47 Million in Sales Expected for EQT Co. (EQT) This Quarter (americanbankingnews.com)
EQT (NYSE:EQT) traded up 1.60% on Friday, reaching $56.36. The company had a trading volume of 755,304 shares. EQT has a 12 month low of $55.09 and a 12 month high of $80.61. The company’s market capitalization is $9.77 billion. The company’s 50 day moving average price is $60.17 and its 200-day moving average price is $63.14.
EQT (NYSE:EQT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. EQT had a negative net margin of 28.16% and a negative return on equity of 0.53%. The business had revenue of $897.50 million during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the previous year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. On average, equities analysts predict that EQT will post $1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 12th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. EQT’s payout ratio is -4.49%.
Several research analysts recently commented on EQT shares. TheStreet lowered shares of EQT from a “c-” rating to a “d+” rating in a report on Thursday, March 23rd. Scotiabank set a $80.00 price objective on shares of EQT and gave the company a “hold” rating in a research report on Monday, March 27th. Tudor Pickering raised shares of EQT from a “hold” rating to a “buy” rating in a research report on Monday, March 13th. Zacks Investment Research downgraded shares of EQT from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. Finally, KLR Group reissued a “buy” rating and set a $94.00 price target on shares of EQT in a research report on Friday, February 3rd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. EQT has a consensus rating of “Buy” and a consensus target price of $81.50.
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In related news, Director A. Bray Jr. Cary bought 421 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were purchased at an average cost of $61.10 per share, with a total value of $25,723.10. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider M Elise Hyland sold 3,479 shares of EQT stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $60.56, for a total value of $210,688.24. Following the transaction, the insider now directly owns 15,941 shares in the company, valued at $965,386.96. The disclosure for this sale can be found here. Company insiders own 1.10% 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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