EQT Co. (NYSE:EQT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

EQT Co. (NYSE:EQT) has earned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $46.61.

Several research analysts recently weighed in on EQT shares. Morgan Stanley boosted their target price on EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. BMO Capital Markets upped their price objective on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Citigroup increased their price objective on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group boosted their target price on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Bank of America initiated coverage on EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price target for the company.

EQT Stock Performance

EQT stock opened at $42.54 on Friday. EQT has a one year low of $30.02 and a one year high of $48.02. The firm has a market cap of $25.38 billion, a price-to-earnings ratio of 50.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a 50-day simple moving average of $41.41 and a two-hundred day simple moving average of $37.50.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, equities analysts forecast that EQT will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.48%. EQT’s dividend payout ratio is presently 75.00%.

Insider Buying and Selling at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQT. HM Payson & Co. acquired a new position in shares of EQT during the third quarter valued at approximately $25,000. Innealta Capital LLC acquired a new position in EQT in the 2nd quarter valued at $28,000. Truvestments Capital LLC purchased a new position in EQT in the 3rd quarter valued at $30,000. Hexagon Capital Partners LLC boosted its stake in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares in the last quarter. Hedge funds and other 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.