EQT Co. (NYSE:EQT) Receives $46.11 Average PT from Brokerages

EQT Co. (NYSE:EQT) has received a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.61.

EQT has been the subject of several recent research reports. Truist Financial increased their price objective on shares of EQT from $32.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, November 26th. Citigroup increased their target price on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, December 6th. UBS Group increased their target price on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Stephens increased their target price on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on EQT from $42.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th.

Insider Activity

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On EQT

Hedge funds and other institutional investors have recently modified their holdings of the stock. HM Payson & Co. bought a new stake in shares of EQT during the third quarter valued at about $25,000. Innealta Capital LLC bought a new stake in EQT in the second quarter worth about $28,000. Truvestments Capital LLC bought a new stake in EQT in the third quarter worth about $30,000. Hexagon Capital Partners LLC raised its position in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 904 shares in the last quarter. Finally, Quarry LP raised its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Down 1.7 %

Shares of NYSE:EQT opened at $44.83 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 52-week low of $30.02 and a 52-week high of $48.02. The company has a 50 day moving average of $41.15 and a two-hundred day moving average of $37.44. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 53.36 and a beta of 1.14.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $0.30 earnings per share. EQT’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts forecast that EQT will post 1.37 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is 75.00%.

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.