EQT Co. (NYSE:EQT) Receives Average Rating of “Moderate Buy” from Brokerages

EQT Co. (NYSE:EQT) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $57.11.

EQT has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Scotiabank reiterated a “sector perform” rating and issued a $62.00 price objective (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their price target on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Finally, UBS Group raised EQT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $64.00 in a report on Monday, May 5th.

EQT Trading Up 0.4%

Shares of EQT stock opened at $53.94 on Friday. The firm has a 50-day simple moving average of $52.78 and a two-hundred day simple moving average of $50.45. The company has a market cap of $32.29 billion, a P/E ratio of 134.86, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $57.37. 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 released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT’s payout ratio is 110.53%.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of EQT by 14.1% in the first quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer’s stock worth $85,000 after acquiring an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $45,000 after buying an additional 205 shares during the period. Fidelis Capital Partners LLC increased its stake in EQT by 2.6% during the first quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer’s stock worth $416,000 after acquiring an additional 207 shares during the last quarter. Finally, Generali Investments Management Co LLC increased its stake in EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer’s stock worth $91,000 after acquiring an additional 211 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.