EQT Co. (NYSE:EQT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of EQT Co. (NYSE:EQT) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $54.50.

A number of equities research analysts have commented on EQT shares. Truist Financial increased their price objective on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Wells Fargo & Company raised their target price on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a report on Friday, March 14th.

Institutional Trading of EQT

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQT. Wellington Management Group LLP increased its holdings in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. Vanguard Group Inc. increased its stake in EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock valued at $3,344,371,000 after buying an additional 358,649 shares during the period. State Street Corp raised its position in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after acquiring an additional 429,733 shares during the period. Finally, Capital International Investors boosted its holdings in shares of EQT by 21.3% in the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock valued at $638,867,000 after acquiring an additional 2,433,632 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 1.6 %

Shares of NYSE EQT opened at $52.89 on Monday. The stock has a market cap of $31.60 billion, a P/E ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12. The business’s fifty day simple moving average is $51.25 and its 200-day simple moving average is $44.28. EQT has a 12-month low of $30.02 and a 12-month 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.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, equities analysts predict that EQT will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s dividend payout ratio is currently 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.