EQT Co. (NYSE:EQT) Receives $54.50 Average PT from Analysts

Shares of EQT Co. (NYSE:EQT) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $54.50.

Several brokerages have recently issued reports on EQT. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 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 note on Friday, January 3rd. Finally, Citigroup lifted their target price on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th.

EQT Stock Performance

EQT stock opened at $52.89 on Monday. 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 stock has a market cap of $31.60 billion, a PE ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12. EQT has a 12-month low of $30.02 and a 12-month high of $56.66. The business’s 50-day moving average price is $51.41 and its two-hundred day moving average price is $44.64.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, analysts expect 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, March 3rd. Investors 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 dividend yield of 1.19%. EQT’s payout ratio is 157.50%.

Hedge Funds Weigh In On EQT

A number of institutional investors and hedge funds have recently modified their holdings of EQT. Truvestments Capital LLC acquired a new position in shares of EQT during the 3rd quarter valued at $30,000. Quarry LP boosted its position in shares of EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% in 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 during the period. EverSource Wealth Advisors LLC increased its position in EQT by 26.6% in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in EQT during the 3rd quarter worth approximately $36,000. 90.81% of the stock is currently owned by institutional investors.

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.