EQT (NYSE:EQT) Upgraded at StockNews.com

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

A number of other equities research analysts have also commented on EQT. Piper Sandler upped their price target on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. Wells Fargo & Company boosted their price target on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. Morgan Stanley upped their price target on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.50.

EQT Stock Up 0.5 %

Shares of NYSE:EQT opened at $54.25 on Tuesday. EQT has a 12-month low of $30.02 and a 12-month high of $56.66. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $51.40 and its 200-day moving average price is $44.58. The stock has a market capitalization of $32.41 billion, a P/E ratio of 135.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 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 for the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities analysts anticipate that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. EQT’s payout ratio is 157.50%.

Institutional Investors Weigh In On EQT

Several hedge funds have recently bought and sold shares of EQT. Mascagni Wealth Management Inc. purchased a new position in shares of EQT during the fourth quarter valued at approximately $55,000. 111 Capital bought a new position in EQT during the 4th quarter valued at approximately $253,000. PKO Investment Management Joint Stock Co purchased a new position in EQT during the fourth quarter valued at $678,000. Siemens Fonds Invest GmbH bought a new stake in EQT in the fourth quarter worth $108,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of EQT in the fourth quarter worth $5,993,000. 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.