EQT Co. (NYSE:EQT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of EQT Co. (NYSE:EQT - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.67.

Several equities research analysts recently issued reports on EQT shares. Wells Fargo & Company lifted their price target on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Stephens decreased their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Piper Sandler raised their price objective on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday.

Institutional Trading of EQT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT bought a new stake in shares of EQT in the 1st quarter worth approximately $35,000. Harbour Investments Inc. raised its holdings in shares of EQT by 48.4% in the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 226 shares in the last quarter. University of Texas Texas AM Investment Management Co. raised its holdings in shares of EQT by 47.7% in 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 purchasing an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Trading Down 0.6%

Shares of EQT stock traded down $0.36 during mid-day trading on Tuesday, reaching $56.00. The company's stock had a trading volume of 9,100,900 shares, compared to its average volume of 7,947,577. The company's 50 day simple moving average is $51.28 and its 200-day simple moving average is $48.49. EQT has a 12-month low of $30.02 and a 12-month high of $57.02. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $33.52 billion, a PE ratio of 140.00, a price-to-earnings-growth ratio of 0.64 and a beta of 0.59.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts predict that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.13%. EQT's payout ratio is currently 110.53%.

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.