EQT (NYSE:EQT) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $48.00 to $57.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Stephens raised EQT from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

EQT Trading Up 0.5 %

Shares of EQT stock opened at $54.25 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market cap of $32.41 billion, a P/E ratio of 135.63, a PEG ratio of 0.64 and a beta of 1.12. The company has a 50 day moving average of $51.40 and a 200-day moving average of $44.58. EQT has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (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 during the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts anticipate that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.16%. EQT’s payout ratio is presently 157.50%.

Hedge Funds Weigh In On EQT

A number of institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new position in EQT in the third quarter worth $30,000. Quarry LP lifted its stake 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. bought a new position in shares of EQT during the 3rd quarter valued at about $36,000. Financial Avengers Inc. increased its position in shares of EQT by 100.8% during 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. raised its holdings in shares of EQT by 47.7% during 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 buying an additional 310 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.