EQT (NYSE:EQT) Upgraded at TD Cowen

TD Cowen upgraded shares of EQT (NYSE:EQT) from a hold rating to a buy rating in a research note published on Tuesday, Marketbeat Ratings reports. They currently have $54.00 price target on the oil and gas producer’s stock.

EQT has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. StockNews.com cut shares of EQT from a “hold” rating to a “sell” rating in a report on Monday. Wells Fargo & Company boosted their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and an average target price of $55.72.

EQT Trading Down 3.4 %

Shares of NYSE:EQT opened at $48.46 on Tuesday. The company has a 50-day simple moving average of $50.98 and a 200 day simple moving average of $46.08. The company has a market capitalization of $28.95 billion, a P/E ratio of 121.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Sell-side analysts forecast that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

Institutional Trading of EQT

Several large investors have recently made changes to their positions in EQT. Quarry LP raised its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its holdings in shares of EQT by 47.7% during the 4th 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 buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Financial Avengers Inc. lifted its position in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.