EQT (NYSE:EQT) Rating Increased to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of EQT (NYSE:EQTGet Rating) from a market perform rating to an outperform rating in a research report sent to investors on Monday, MarketBeat reports. BMO Capital Markets currently has $65.00 price objective on the oil and gas producer’s stock, up from their previous price objective of $50.00.

A number of other equities analysts have also recently issued reports on EQT. Wells Fargo & Company increased their price objective on shares of EQT from $51.00 to $62.00 and gave the company an overweight rating in a research note on Monday, July 11th. StockNews.com upgraded shares of EQT from a sell rating to a hold rating in a research note on Wednesday, August 3rd. Piper Sandler upped their price objective on EQT from $58.00 to $59.00 and gave the company an overweight rating in a research note on Friday, July 22nd. Morgan Stanley cut their target price on EQT from $50.00 to $48.00 and set an overweight rating for the company in a research report on Tuesday, July 19th. Finally, Credit Suisse Group upped their price target on EQT from $50.00 to $52.00 and gave the company an outperform rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $56.63.

EQT Trading Down 1.7 %

Shares of EQT opened at $44.63 on Monday. The stock’s 50-day moving average price is $45.29 and its 200 day moving average price is $40.50. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.51. EQT has a 12-month low of $17.95 and a 12-month high of $51.97. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of -16.44, a P/E/G ratio of 0.20 and a beta of 1.15.

EQT (NYSE:EQTGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.63 billion. The business’s revenue for the quarter was up 61.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, research analysts predict that EQT will post 4.08 earnings per share for the current year.

EQT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 9th were issued a $0.15 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from EQT’s previous quarterly dividend of $0.13. EQT’s dividend payout ratio (DPR) is currently -22.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQT. Counterpoint Mutual Funds LLC bought a new stake in shares of EQT during the first quarter worth $25,000. Steward Partners Investment Advisory LLC acquired a new stake in EQT in the first quarter worth about $31,000. Kathleen S. Wright Associates Inc. bought a new stake in EQT during the 2nd quarter worth about $32,000. Exchange Traded Concepts LLC acquired a new position in EQT during the 1st quarter valued at about $41,000. Finally, First Command Bank bought a new position in shares of EQT in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 95.63% of the company’s stock.

About EQT

(Get Rating)

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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