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

Shares of EQT Co. (NYSE:EQT) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $52.39.

A number of research firms have commented on EQT. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Citigroup lifted their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th.

EQT Stock Performance

NYSE:EQT opened at $48.77 on Thursday. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 121.93, a PEG ratio of 0.64 and a beta of 1.08. The business has a 50 day moving average of $50.26 and a 200 day moving average of $42.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, sell-side analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is currently 157.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQT. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in EQT during the fourth quarter worth approximately $5,993,000. Capital A Wealth Management LLC bought a new stake in EQT during the 4th quarter valued at $72,000. Mackenzie Financial Corp grew its holdings in EQT by 16.7% during the 4th quarter. Mackenzie Financial Corp now owns 51,890 shares of the oil and gas producer’s stock worth $2,393,000 after acquiring an additional 7,425 shares in the last quarter. Michels Family Financial LLC purchased a new position in EQT during the fourth quarter valued at approximately $721,000. Finally, GF Fund Management CO. LTD. bought a new position in shares of EQT in the 4th quarter worth $8,318,000. Institutional investors 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.