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

Shares of EQT Co. (NYSE:EQT) have earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $54.50.

Several brokerages have recently commented on EQT. Morgan Stanley boosted their price target on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Stephens upgraded EQT from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Jefferies Financial Group raised their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Truist Financial boosted their price objective on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and raised their target price for the company from $48.00 to $57.00 in a report on Monday, December 16th.

EQT Price Performance

EQT stock opened at $52.89 on Monday. The company has a market cap of $31.60 billion, a P/E ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT has a one year low of $30.02 and a one year high of $56.66. The business has a fifty day moving average of $51.25 and a two-hundred day moving average of $44.28. 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 (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. 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%.

Hedge Funds Weigh In On EQT

Several large investors have recently added to or reduced their stakes in EQT. Truvestments Capital LLC acquired a new position in shares of EQT during the 3rd quarter valued at about $30,000. Quarry LP increased 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 worth $33,000 after purchasing an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in EQT during the third quarter worth approximately $36,000. Financial Avengers Inc. boosted its holdings in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. boosted its holdings in shares of EQT by 47.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 310 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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.