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. The EQT Production segment also includes the marketing activities of the Company. EQT Production's properties are located in Pennsylvania, West Virginia, Kentucky and Virginia. The operations of EQT Gathering include the natural gas gathering activities of the Company, consisting solely of assets that are owned and operated by EQT Midstream Partners, LP (EQM). The operations of EQT Transmission include the natural gas transmission and storage activities of the Company, consisting solely of assets that are owned and operated by EQM. EQT Transmission focuses on various transmission projects, including Mountain Valley Pipeline and Transmission Expansion.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production - NEC
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:EQT
- CUSIP: 26884L10
- Web: www.eqt.com
- Market Cap: $10.44 billion
- Outstanding Shares: 173,326,000
- 50 Day Moving Avg: $61.97
- 200 Day Moving Avg: $59.78
- 52 Week Range: $49.63 - $75.74
Sales & Book Value:
- Trailing P/E Ratio: 2151.79
- Foreward P/E Ratio: 38.13
- P/E Growth: 3.99
- Annual Revenue: $2.46 billion
- Price / Sales: 4.25
- Book Value: $34.97 per share
- Price / Book: 1.72
- Annual Dividend: $0.12
- Dividend Yield: 0.2%
- EBIDTA: $1.53 billion
- Net Margins: 0.20%
- Return on Equity: 0.91%
- Return on Assets: 0.55%
- Debt-to-Equity Ratio: 0.28%
- Current Ratio: 0.74%
- Quick Ratio: 0.74%
- Average Volume: 4.02 million shs.
- Beta: 0.77
- Short Ratio: 4.23
Frequently Asked Questions for EQT Corporation (NYSE:EQT)
What is EQT Corporation's stock symbol?
EQT Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQT."
How often does EQT Corporation pay dividends? What is the dividend yield for EQT Corporation?
EQT Corporation announced a quarterly dividend on Wednesday, July 12th. Stockholders of record on Friday, August 11th will be given a dividend of $0.03 per share on Friday, September 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Wednesday, August 9th. View EQT Corporation's Dividend History.
How were EQT Corporation's earnings last quarter?
EQT Corporation (NYSE:EQT) issued its earnings results on Thursday, July, 27th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business earned $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The business's revenue was up 720.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.35) earnings per share. View EQT Corporation's Earnings History.
When will EQT Corporation make its next earnings announcement?
Where is EQT Corporation's stock going? Where will EQT Corporation's stock price be in 2017?
17 analysts have issued 1-year price objectives for EQT Corporation's stock. Their predictions range from $60.00 to $102.00. On average, they anticipate EQT Corporation's stock price to reach $80.82 in the next year. View Analyst Ratings for EQT Corporation.
What are analysts saying about EQT Corporation stock?
Here are some recent quotes from research analysts about EQT Corporation stock:
- 1. According to Zacks Investment Research, "EQT Corp.’s solid operations in the face of volatile business scenario, is a reflection of the Appalachian pure play’s cost reduction efforts. Attractive Appalachian resource potential and an extensive drilling program are likely to support production growth. Moreover, EQT Corp expects its 2017 production sales volume in the range of 810-830 Bcfe, up from 759 Bcfe for 2016. Following these strong fundaments, the company was able to beat the Zacks Consensus Estimate in each of the last four quarters with an average positive earnings surprise of 163.71%. However, in its price history EQT has lagged the Zacks Oil and Gas – U.S Exploration and Production market, over the last three months. Additionally, the company’s capital budget relies heavily on future cash flows, which are subject to a number of variables. As such, we see EQT shares performing in line with the broader market." (3/7/2017)
- 2. KLR Group analysts commented, "We are decreasing our EQT target price $3 to $94 per share due to higher operating/overhead expense partly offset by higher NGL price realizations. Our composite weighted average cost-of-capital values the midstream business at ~12x next year's cash generation (EQT GP Holdings (EQGP, $27.78, NR)/ EQT Midstream Partners (EQM, $80.12, NR) valuation). Our '17 production estimate of ~830 Bcfe is at the high end of company guidance (810-830 Bcfe)." (2/3/2017)
Are investors shorting EQT Corporation?
EQT Corporation saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 30,943,828 shares, an increase of 17.7% from the July 14th total of 26,286,544 shares. Based on an average daily volume of 3,754,418 shares, the days-to-cover ratio is currently 8.2 days. Currently, 18.0% of the shares of the company are sold short.
Who are some of EQT Corporation's key competitors?
Some companies that are related to EQT Corporation include Concho Resources (CXO), Devon Energy Corporation (DVN), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), Cimarex Energy Co (XEC), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG), EQT GP Holdings, LP (EQGP), Parsley Energy (PE), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen Corporation (EGN) and Range Resources Corporation (RRC).
Who are EQT Corporation's key executives?
EQT Corporation's management team includes the folowing people:
- David L. Porges, Executive Chairman of the Board
- Steven T. Schlotterbeck, President, Chief Executive Officer, Director
- Robert J. McNally, Chief Financial Officer, Senior Vice President
- Charlene Petrelli, Chief Human Resources Officer, Vice President
- Lisa Hyland, Senior Vice President, President - Midstream
- David E. Schlosser JR, Senior Vice President, President - Exploration & Production
- Jimmi Sue Smith, Chief Accounting Officer, Principal Accounting Officer
- Lewis B. Gardner, Vice President - External Affairs, General Counsel
- Blue Jenkins, Chief Commercial Officer
- James E. Rohr, Lead Independent Director
Who owns EQT Corporation stock?
EQT Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
JANA PARTNERS LLC
JANA PARTNERS LLC
JANA PARTNERS LLC
JANA PARTNERS LLC
(5.80%), Wedge Capital Management L L P NC (1.81%) and Neuberger Berman Group LLC (1.34%). Company insiders that own EQT Corporation stock include A Bray Jr Cary, David E Jr Schlosser, Jody Bellefleur, Lee T Todd Jr, M Elise Hyland, Randall L Crawford, Raymond Goldie, Robert Joseph Mcnally, Samuel Anthony Kyler Hardy, Steven T Schlotterbeck and Zimtu Capital Corp. View Institutional Ownership Trends for EQT Corporation.
Who sold EQT Corporation stock? Who is selling EQT Corporation stock?
EQT Corporation's stock was sold by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, Reaves W H & Co. Inc., Cannell Peter B & Co. Inc., Reinhart Partners Inc., Cornerstone Capital Management Holdings LLC., SG Americas Securities LLC, Rhumbline Advisers and Atlantic Trust Group LLC. View Insider Buying and Selling for EQT Corporation.
Who bought EQT Corporation stock? Who is buying EQT Corporation stock?
EQT Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Wedge Capital Management L L P NC, C M Bidwell & Associates Ltd., Mitchell Group Inc., Piedmont Investment Advisors LLC, UBS Asset Management Americas Inc., 361 Capital LLC and Crow Point Partners LLC. Company insiders that have bought EQT Corporation stock in the last two years include A Bray Jr Cary, David E Jr Schlosser, Robert Joseph Mcnally and Steven T Schlotterbeck. View Insider Buying and Selling for EQT Corporation.
How do I buy EQT Corporation stock?
Shares of EQT Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is EQT Corporation's stock price today?
MarketBeat Community Rating for EQT Corporation (NYSE EQT)MarketBeat's community ratings are surveys of what our community members think about EQT Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of EQT Corporation stock can currently be purchased for approximately $60.25.
Consensus Ratings for EQT Corporation (NYSE:EQT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 13 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.76)|
|Consensus Price Target: ||$80.82 (34.14% upside)|
Analysts' Ratings History for EQT Corporation (NYSE:EQT)
(Data available from 8/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/17/2017||Morgan Stanley||Boost Price Target||Equal Weight||$56.00 -> $60.00||Low|
|7/30/2017||KLR Group||Reiterated Rating||Buy||$101.00 -> $102.00||High|
|7/28/2017||Royal Bank Of Canada||Set Price Target||Hold||$79.00||High|
|7/28/2017||BMO Capital Markets||Set Price Target||Buy||$70.00||High|
|7/18/2017||Cowen and Company||Set Price Target||Buy||$80.00||Medium|
|7/14/2017||Scotia Howard Weill||Upgrade||Sector Perform -> Sector Outperform||Low|
|7/14/2017||Scotiabank||Upgrade||Sector Perform -> Outperform||$77.00 -> $81.00||Low|
|7/10/2017||Stifel Nicolaus||Boost Price Target||Buy||$79.00 -> $85.00||Medium|
|7/4/2017||Jefferies Group LLC||Reiterated Rating||Hold||$69.00||Low|
|3/13/2017||Tudor Pickering||Upgrade||Hold -> Buy||Medium|
|12/9/2016||Seaport Global Securities||Downgrade||Accumulate -> Neutral||N/A|
|11/17/2016||Drexel Hamilton||Initiated Coverage||Buy||N/A|
|10/28/2016||Citigroup Inc.||Upgrade||Neutral -> Buy||N/A|
|10/24/2016||Credit Suisse Group||Initiated Coverage||Outperform||$86.00||N/A|
|10/7/2016||Wolfe Research||Initiated Coverage||Buy||$85.00||N/A|
|9/28/2016||GMP Securities||Initiated Coverage||Buy||$92.00||N/A|
|7/29/2016||Barclays PLC||Boost Price Target||Overweight||$82.00 -> $85.00||N/A|
|6/13/2016||Deutsche Bank AG||Downgrade||Buy -> Hold||$81.00 -> $79.00||N/A|
|5/3/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|2/25/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$70.00 -> $50.00||N/A|
|2/2/2016||J P Morgan Chase & Co||Boost Price Target||Overweight||$69.00 -> $71.00||N/A|
|11/17/2015||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$73.00||N/A|
Earnings History for EQT Corporation (NYSE:EQT)Earnings History by Quarter for EQT Corporation (NYSE EQT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.05||$0.06||$642.21 million||$631.10 million||View||N/A|
|4/27/2017||Q1 2017||$0.45||$0.43||$713.65 million||$897.50 million||View||N/A|
|2/2/2017||Q416||($0.10)||$0.25||$578.01 million||$379.02 million||View||Listen|
|10/27/2016||Q316||($0.44)||($0.26)||$456.55 million||$502.55 million||View||Listen|
|7/28/2016||Q216||($0.41)||($0.35)||$461.53 million||$127.53 million||View||Listen|
|4/28/2016||Q116||($0.02)||$0.07||$556.81 million||$545.10 million||View||Listen|
|2/4/2016||Q415||($0.13)||($0.06)||$526.39 million||$601.38 million||View||N/A|
|10/22/2015||Q315||($0.22)||($0.33)||$491.59 million||$577.02 million||View||Listen|
|7/23/2015||Q215||$0.05||$0.01||$517.12 million||$433.17 million||View||Listen|
|4/23/2015||Q1||$0.64||$1.08||$612.91 million||$708.77 million||View||N/A|
|2/5/2015||Q414||$0.69||$0.96||$577.80 million||$703.20 million||View||N/A|
|10/23/2014||Q214||$0.65||$0.51||$551.70 million||$578.72 million||View||Listen|
|7/24/2014||Q2||$0.82||$0.58||$603.91 million||$526.16 million||View||N/A|
|4/24/2014||Q114||$0.82||$1.35||$563.06 million||$661.63 million||View||N/A|
|2/19/2014||Q413||$0.69||$0.47||$502.00 million||$493.43 million||View||N/A|
|10/24/2013||Q313||$0.49||$0.58||$504.90 million||$506.60 million||View||N/A|
|7/25/2013||Q2 2013||$0.56||$0.57||$477.47 million||$520.10 million||View||N/A|
|4/25/2013||Q1 2013||$0.52||$0.66||$442.88 million||$558.66 million||View||N/A|
|1/24/2013||Q4 2012||$0.43||$0.48||$420.94 million||$419.50 million||View||N/A|
Earnings Estimates for EQT Corporation (NYSE:EQT)
2017 EPS Consensus Estimate: $1.14
2018 EPS Consensus Estimate: $1.52
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for EQT Corporation (NYSE:EQT)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||400.13% (Trailing 12 Months of Earnings) |
11.76% (Based on This Year's Estimates)
7.59% (Based on Next Year's Estimates)
Dividend History by Quarter for EQT Corporation (NYSE EQT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for EQT Corporation (NYSE:EQT)
Insider Ownership Percentage: 1.00%Insider Trades by Quarter for EQT Corporation (NYSE:EQT)
Institutional Ownership Percentage: 90.07%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/3/2017||A. Bray Jr. Cary||Director||Buy||401||$58.59||$23,494.59|| |
|6/23/2017||A. Bray Jr. Cary||Director||Buy||28,000||$53.55||$1,499,400.00|| |
|6/22/2017||David E. Jr. Schlosser||Insider||Buy||10,000||$50.96||$509,600.00|| |
|6/22/2017||Steven T Schlotterbeck||CEO||Buy||2,000||$52.14||$104,280.00|| |
|6/21/2017||Robert Joseph Mcnally||Insider||Buy||1,500||$50.00||$75,000.00|| |
|4/3/2017||A. Bray Jr. Cary||Director||Buy||421||$61.10||$25,723.10|| |
|3/31/2017||M Elise Hyland||Insider||Sell||3,479||$60.56||$210,688.24|| |
|1/3/2017||A. Bray Jr. Cary||Director||Buy||417||$65.40||$27,271.80|| |
|10/3/2016||A. Bray Jr. Cary||Director||Buy||313||$72.62||$22,730.06|| |
|7/1/2016||A. Bray Jr. Cary||Director||Buy||277||$77.43||$21,448.11|| |
|6/30/2016||Randall L Crawford||SVP||Sell||4,981||$77.21||$384,583.01|| |
|4/1/2016||A. Bray Jr. Cary||Director||Buy||357||$67.26||$24,011.82|| |
|2/17/2016||Zimtu Capital Corp.||Insider||Sell||1,991,000||$0.06||$109,505.00|
|1/5/2016||Lee T Todd Jr||Director||Sell||500||$53.31||$26,655.00|| |
|10/2/2015||Samuel Anthony Kyler Hardy||Insider||Sell||62,500||$0.22||$13,750.00|
|9/8/2015||Zimtu Capital Corp.||Insider||Sell||28,000||$0.13||$3,500.00|
|7/7/2015||Zimtu Capital Corp.||Insider||Sell||9,000||$0.09||$765.00|
|7/6/2015||Zimtu Capital Corp.||Insider||Buy||36,000||$0.09||$3,060.00|
|7/2/2015||Zimtu Capital Corp.||Insider||Buy||388,000||$0.09||$34,920.00|
|5/14/2015||Philip P Conti||CFO||Sell||20,504||$90.77||$1,861,148.08|| |
|5/13/2015||Lewis B Gardner||VP||Sell||2,874||$89.66||$257,682.84|| |
|3/27/2015||Charlene Petrelli||VP||Sell||80,483||$79.83||$6,424,957.89|| |
|3/23/2015||Theresa Z Bone||VP||Sell||10,200||$79.20||$807,840.00|| |
|11/19/2014||Lewis B Gardner||VP||Sell||3,276||$96.03||$314,594.28|| |
|10/1/2014||A. Bray Jr. Cary||Director||Buy||179||$91.54||$16,385.66|| |
|2/24/2014||Lewis Gardner||VP||Sell||24,511||$101.85||$2,496,445.35|| |
|7/31/2013||Philip P Conti||CFO||Sell||83,500||$87.76||$7,327,960.00|| |
|5/20/2013||Lewis B Gardner||VP||Sell||36,100||$81.39||$2,938,179.00|| |
|5/20/2013||Steven T Schlotterbeck||SVP||Sell||5,100||$81.35||$414,885.00|| |
Headline Trends for EQT Corporation (NYSE:EQT)
Latest Headlines for EQT Corporation (NYSE:EQT)
EQT Corporation (EQT) Chart for Sunday, August, 20, 2017