Barclays started coverage on shares of EQT (NYSE:EQT - Free Report) in a report released on Monday, MarketBeat reports. The firm issued an overweight rating and a $65.00 target price on the oil and gas producer's stock.
A number of other analysts have also recently weighed in on EQT. Mizuho raised their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Piper Sandler lifted their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research report on Tuesday, April 8th. Roth Capital initiated coverage on shares of EQT in a research report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 target price for the company. Finally, Stephens dropped their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $58.35.
Read Our Latest Research Report on EQT
EQT Stock Performance
Shares of NYSE:EQT traded up $0.84 during trading hours on Monday, hitting $56.15. The stock had a trading volume of 6,809,242 shares, compared to its average volume of 7,982,573. The stock's fifty day simple moving average is $55.71 and its 200 day simple moving average is $52.12. EQT has a 1-year low of $30.02 and a 1-year high of $61.02. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 98.51, a PEG ratio of 0.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. Sell-side analysts anticipate that EQT will post 3.27 earnings per share for the current fiscal year.
EQT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.12%. EQT's dividend payout ratio is 110.53%.
Hedge Funds Weigh In On EQT
A number of hedge funds and other institutional investors have recently made changes to their positions in EQT. Zions Bancorporation National Association UT bought a new position in shares of EQT during the 1st quarter worth about $35,000. Harbour Investments Inc. lifted its holdings in shares of EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 226 shares during the period. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after acquiring an additional 310 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares during the period. Finally, Mascagni Wealth Management Inc. bought a new position in shares of EQT during the 4th quarter worth about $55,000. 90.81% of the stock is owned by institutional investors.
About EQT
(
Get Free Report)
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.
Featured Stories

Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.