EQT (NYSE:EQT) Stock Price Up 4.1%

Shares of EQT Co. (NYSE:EQT) were up 4.1% during trading on Monday . The company traded as high as $36.36 and last traded at $36.25. Approximately 1,447,537 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 7,065,020 shares. The stock had previously closed at $34.83.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EQT. Morgan Stanley reiterated an “overweight” rating and set a $45.00 price objective on shares of EQT in a research note on Friday, September 13th. UBS Group lowered their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Piper Sandler downgraded EQT from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $43.00 to $32.00 in a report on Thursday, August 15th. Mizuho dropped their price objective on EQT from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Wells Fargo & Company upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT has an average rating of “Hold” and an average price target of $43.28.

EQT Trading Up 2.7 %

The company has a market capitalization of $15.80 billion, a PE ratio of 25.93 and a beta of 1.06. The stock has a fifty day moving average of $33.28 and a two-hundred day moving average of $36.43. 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 quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted ($0.17) earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that EQT Co. will post 1.44 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.76%. EQT’s payout ratio is currently 45.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC purchased a new stake in EQT during the second quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares during the period. Blue Trust Inc. grew its stake in EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in EQT by 414.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,472 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 1,186 shares during the period. Finally, Industrial Alliance Investment Management Inc. grew its position in shares of EQT by 65.5% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 1,440 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 570 shares in the last quarter. Hedge funds and other institutional investors 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.