EQT Corporation Common Stock (NYSE:EQT).
July 29 investment analysts at Barclays left the company rating at “Overweight” and raised the price expectation from $82.00 to $85.00. On July 29 Citigroup maintained a stock rating of “Overweight” and lowered the price target to $85.00 from $88.00.
On June 14 the company was downgraded from “Buy” to “Hold” by Deutsche Bank. On March 2 the stock rating was downgraded to “Equal-weight” from “Overweight” and a price target of $65.00 was set in a report from Morgan Stanley.
Equity analyst Morgan Stanley downgraded the stock and lowered the price target on March 2 cutting the price target from $66.00 to $65.00 and changing the rating from “Overweight” to “Equal-weight”.
The company is down from yesterday’s close of $72.68. Additionally the company recently announced a dividend for shareholders which was paid on Thursday the 1st of September 2016. The dividend payment was $0.030 per share for the quarter or $0.12 on an annualized basis. The dividend yield was $0.16. The ex-dividend date was set for Wednesday the 10th of August 2016.
It is currently trading at $68.64 which is just a bit below the 50 day moving average of $71.38 and which is slightly below the 200 day moving average of $71.36. The 50 day moving average moved down $-2.74 and the 200 day average moved down $-2.72.
In the latest earnings report the EPS was $-2.21 and is expected to be $-0.63 for the current year with 172,746,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.03 and the next full year EPS is projected to be $0.58.