EQT (NYSE:EQT) Price Target Raised to $52.00

EQT (NYSE:EQT) had its price objective raised by Wells Fargo & Company from $42.00 to $52.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the oil and gas producer’s stock.

Other analysts have also issued reports about the company. Mizuho increased their price objective on EQT from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Citigroup raised EQT from a “neutral” rating to a “buy” rating and raised their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. UBS Group boosted their price target on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Stephens raised their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $44.67.

EQT Trading Down 0.6 %

Shares of NYSE EQT opened at $45.29 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a one year low of $30.02 and a one year high of $48.02. The business has a 50-day moving average price of $38.93 and a two-hundred day moving average price of $37.11. The firm has a market capitalization of $27.02 billion, a PE ratio of 53.92 and a beta of 1.06.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts predict that EQT will post 1.38 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is currently 75.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in EQT by 121.1% during the 3rd quarter. Franklin Resources Inc. now owns 316,945 shares of the oil and gas producer’s stock valued at $11,600,000 after purchasing an additional 173,596 shares during the last quarter. Synovus Financial Corp acquired a new stake in EQT in the 3rd quarter worth $1,069,000. Tidal Investments LLC increased its holdings in shares of EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock worth $2,228,000 after purchasing an additional 21,789 shares during the period. Blankinship & Foster LLC acquired a new position in shares of EQT during the third quarter valued at about $4,051,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of EQT in the third quarter valued at about $165,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.