EQT Co. (NYSE:EQT) Given Average Rating of “Moderate Buy” by Brokerages

EQT Co. (NYSE:EQT) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $52.39.

A number of equities research analysts recently commented on the stock. Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a report on Monday, January 13th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Morgan Stanley increased their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently modified their holdings of EQT. HM Payson & Co. bought a new position in EQT in the 3rd quarter worth $25,000. Truvestments Capital LLC purchased a new position in shares of EQT in the third quarter valued at about $30,000. Quarry LP boosted its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the period. University of Texas Texas AM Investment Management Co. grew its position in shares of EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 310 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after purchasing an additional 205 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 0.3 %

Shares of NYSE:EQT opened at $48.70 on Thursday. The stock has a market capitalization of $29.09 billion, a P/E ratio of 121.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock’s 50-day moving average price is $49.98 and its 200-day moving average price is $42.18. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities analysts anticipate that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s payout ratio is 157.50%.

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.