UBS Group Issues Pessimistic Forecast for EQT (NYSE:EQT) Stock Price

EQT (NYSE:EQT) had its price objective decreased by UBS Group from $58.00 to $55.00 in a report released on Monday,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas producer’s stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Mizuho upped their target price on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.72.

EQT Trading Up 5.4 %

EQT opened at $50.07 on Monday. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The company has a market cap of $29.92 billion, a P/E ratio of 125.19, a PEG ratio of 0.64 and a beta of 1.35. The company’s 50 day moving average is $51.06 and its 200-day moving average is $45.99.

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, beating 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC raised its holdings in shares of EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after acquiring an additional 32,484 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of EQT by 36.7% in the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after purchasing an additional 35,733 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock worth $2,379,000 after purchasing an additional 16,416 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock valued at $298,000 after purchasing an additional 762 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of EQT by 15.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after buying an additional 5,489 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

About EQT

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.