EQT Co. (NYSE:EQT) Receives $49.94 Average Price Target from Analysts

Shares of EQT Co. (NYSE:EQT) have received an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.94.

A number of equities research analysts have issued reports on EQT shares. Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $48.00 to $57.00 in a research report on Monday, December 16th. Stephens raised their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd.

EQT Trading Down 3.0 %

Shares of NYSE:EQT opened at $51.36 on Friday. 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 1 year low of $30.02 and a 1 year high of $54.85. The company has a market cap of $30.65 billion, a P/E ratio of 61.14, a PEG ratio of 0.62 and a beta of 1.08. The stock’s fifty day moving average price is $47.73 and its 200-day moving average price is $40.19.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.23%. EQT’s payout ratio is presently 75.00%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of EQT by 36.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,444 shares of the oil and gas producer’s stock valued at $159,000 after purchasing an additional 915 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EQT during the 4th quarter valued at about $113,924,000. Arizona State Retirement System raised its holdings in EQT by 1.4% in the 4th quarter. Arizona State Retirement System now owns 164,096 shares of the oil and gas producer’s stock worth $7,566,000 after purchasing an additional 2,198 shares during the period. Aigen Investment Management LP boosted its position in EQT by 320.2% during the fourth quarter. Aigen Investment Management LP now owns 35,808 shares of the oil and gas producer’s stock worth $1,651,000 after purchasing an additional 27,287 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in EQT in the fourth quarter valued at approximately $5,119,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.