EQT Co. (NYSE:EQT) Receives Average Rating of “Moderate Buy” from Analysts

EQT Co. (NYSE:EQT) has been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.83.

EQT has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $45.00 price target on shares of EQT in a report on Friday, September 13th. Piper Sandler upped their price target on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company raised EQT from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Finally, Bank of America started coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company.

EQT Stock Performance

Shares of EQT stock opened at $45.92 on Tuesday. The stock has a market cap of $27.40 billion, a PE ratio of 54.67 and a beta of 1.06. The business has a 50-day simple moving average of $38.20 and a 200-day simple moving average of $36.98. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 52-week low of $30.02 and a 52-week high of $48.02.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities analysts expect that EQT will post 1.35 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.37%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Institutional Investors Weigh In On EQT

A number of large investors have recently made changes to their positions in the stock. Bard Financial Services Inc. purchased a new position in EQT in the third quarter worth approximately $878,000. TD Private Client Wealth LLC boosted its position in shares of EQT by 69.0% during the third quarter. TD Private Client Wealth LLC now owns 3,836 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 1,566 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of EQT by 136.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 79,525 shares of the oil and gas producer’s stock worth $2,914,000 after buying an additional 45,898 shares during the period. Toronto Dominion Bank raised its stake in shares of EQT by 154.0% in the third quarter. Toronto Dominion Bank now owns 316,518 shares of the oil and gas producer’s stock valued at $11,597,000 after acquiring an additional 191,892 shares in the last quarter. Finally, Financial Avengers Inc. raised its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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.