Brokerages Set EQT Co. (NYSE:EQT) Price Target at $54.50

Shares of EQT Co. (NYSE:EQT) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $55.11.

EQT has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $59.00 in a report on Tuesday, March 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th.

EQT Trading Up 1.4 %

NYSE:EQT opened at $53.07 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. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The stock’s 50 day moving average price is $51.38 and its 200 day moving average price is $44.84. The company has a market capitalization of $31.71 billion, a PE ratio of 132.68, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts anticipate that EQT will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT’s payout ratio is 157.50%.

Institutional Investors Weigh In On EQT

A number of institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments Inc purchased a new stake in EQT during the third quarter worth $201,000. Thrivent Financial for Lutherans raised its stake in shares of EQT by 71.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock worth $1,119,000 after buying an additional 12,723 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of EQT by 33.9% in the 3rd quarter. Pathstone Holdings LLC now owns 75,051 shares of the oil and gas producer’s stock worth $2,750,000 after buying an additional 19,013 shares in the last quarter. Caprock Group LLC acquired a new stake in EQT in the 3rd quarter valued at about $223,000. Finally, Prospera Financial Services Inc increased its holdings in EQT by 19.0% during the 3rd quarter. Prospera Financial Services Inc now owns 10,471 shares of the oil and gas producer’s stock valued at $384,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.