EQT Co. (NYSE:EQT) Receives Consensus Rating of "Moderate Buy" from Brokerages

EQT Co. (NYSE:EQT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $57.11.

A number of research firms have recently weighed in on EQT. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research note on Tuesday, April 8th. Mizuho increased their price objective on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Citigroup upped their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company raised their target price on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th.

EQT Price Performance

NYSE:EQT traded down $1.22 during trading hours on Friday, hitting $53.68. 8,011,459 shares of the stock traded hands, compared to its average volume of 7,922,510. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 134.20, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. EQT has a 1 year low of $30.02 and a 1 year high of $57.37. The stock has a 50 day moving average price of $52.59 and a 200 day moving average price of $50.41. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share 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 company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. Sell-side analysts forecast that EQT will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is 110.53%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Invesco Ltd. boosted its position in EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after buying an additional 4,162,065 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of EQT by 386.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after acquiring an additional 3,454,741 shares in the last quarter. Slate Path Capital LP purchased a new stake in shares of EQT in the fourth quarter valued at approximately $123,575,000. Castle Hook Partners LP grew its stake in EQT by 199.5% in the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after purchasing an additional 2,658,375 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in EQT in the fourth quarter worth approximately $113,924,000. 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.