EQT (NYSE:EQT) Given New $52.00 Price Target at Wells Fargo & Company

EQT (NYSE:EQT) had its target price increased by Wells Fargo & Company from $42.00 to $52.00 in a report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas producer’s stock.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets increased their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Mizuho increased their target price on shares of EQT from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Bank of America began coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley increased their price objective on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Piper Sandler boosted their target price on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

EQT Stock Up 0.1 %

NYSE:EQT opened at $45.95 on Monday. EQT has a one year low of $30.02 and a one year high of $48.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $27.42 billion, a PE ratio of 54.70 and a beta of 1.06. The firm’s 50 day simple moving average is $38.45 and its 200 day simple moving average is $37.00.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, research analysts anticipate that EQT will post 1.35 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s payout ratio is currently 75.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EQT. Synovus Financial Corp bought a new stake in shares of EQT during the third quarter worth about $1,069,000. Tidal Investments LLC boosted its stake in EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock valued at $2,228,000 after purchasing an additional 21,789 shares during the last quarter. Blankinship & Foster LLC bought a new stake in EQT during the 3rd quarter worth approximately $4,051,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of EQT in the third quarter worth approximately $165,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.