EQT Co. (NYSE:EQT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of EQT Co. (NYSE:EQT) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $42.18.

Several brokerages have commented on EQT. Scotiabank raised their price target on shares of EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Truist Financial decreased their price objective on EQT from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $45.00 target price on shares of EQT in a research note on Friday, September 13th. UBS Group decreased their price target on EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th.

Institutional Trading of EQT

Hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in EQT in the second quarter worth $28,000. Hexagon Capital Partners LLC raised its stake in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 598 shares during the period. Wolff Wiese Magana LLC boosted its position in shares of EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 908 shares in the last quarter. Finally, Rise Advisors LLC increased its stake in EQT by 224.8% in the third quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock valued at $38,000 after acquiring an additional 717 shares during the period. 90.81% of the stock is owned by institutional investors.

EQT Stock Performance

EQT stock opened at $36.96 on Friday. The stock’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $36.60. EQT has a 12-month low of $30.02 and a 12-month high of $45.23. The firm has a market cap of $16.32 billion, a P/E ratio of 26.78 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.17) earnings per share. EQT’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts predict that EQT will post 1.37 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

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.