EQT (NYSE:EQT) Price Target Raised to $48.00

EQT (NYSE:EQT) had its price objective raised by Mizuho from $45.00 to $48.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas producer’s stock.

A number of other equities analysts also recently issued reports on EQT. Morgan Stanley raised their price objective on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group raised their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Piper Sandler boosted their price target 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. Stephens increased their price objective on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

EQT Trading Down 0.9 %

EQT opened at $45.58 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $48.02. The company’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $37.05. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 54.26 and a beta of 1.06.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.38%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently bought and sold shares of EQT. Charles Schwab Investment Management Inc. grew its holdings in shares of EQT by 28.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after buying an additional 1,108,134 shares during the last quarter. Cetera Investment Advisers acquired a new position in EQT during the 1st quarter valued at about $2,274,000. Swiss National Bank increased its holdings in EQT by 35.3% during the 3rd quarter. Swiss National Bank now owns 1,677,261 shares of the oil and gas producer’s stock worth $61,455,000 after purchasing an additional 437,602 shares in the last quarter. Swedbank AB purchased a new stake in shares of EQT in the first quarter worth approximately $4,073,000. Finally, Virtu Financial LLC lifted its holdings in shares of EQT by 184.3% in the first quarter. Virtu Financial LLC now owns 53,138 shares of the oil and gas producer’s stock valued at $1,970,000 after purchasing an additional 34,446 shares in the last quarter. Institutional investors 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.