EQT Corporation (NYSE:EQT) Receives $58.00 Consensus Target Price from Analysts

Shares of EQT Corporation (NYSE:EQT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $58.00.

Several analysts recently issued reports on EQT shares. Morgan Stanley increased their price target on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Piper Sandler lifted their price target on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, April 8th.

EQT Price Performance

Shares of NYSE:EQT traded down $0.79 during trading on Wednesday, reaching $55.36. 4,295,628 shares of the company traded hands, compared to its average volume of 7,983,694. The firm has a market capitalization of $33.14 billion, a PE ratio of 97.12, a PEG ratio of 0.34 and a beta of 0.65. EQT has a 52 week low of $30.02 and a 52 week high of $61.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company's 50 day moving average is $55.61 and its two-hundred day moving average is $51.91.

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 for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. As a group, sell-side analysts predict that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is 110.53%.

Hedge Funds Weigh In On EQT

Several large investors have recently modified their holdings of the business. Zions Bancorporation National Association UT acquired a new stake in EQT in the first quarter valued at $35,000. Harbour Investments Inc. grew its position 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 valued at $37,000 after buying an additional 226 shares during the last quarter. University of Texas Texas AM Investment Management Co. increased its stake in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 310 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares during the period. Finally, Parkside Financial Bank & Trust raised its position 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 worth $48,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

About EQT

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.