EQT (NYSE:EQT) Upgraded by UBS Group to Buy Rating

EQT (NYSE:EQT - Get Free Report) was upgraded by equities research analysts at UBS Group from a "neutral" rating to a "buy" rating in a report released on Monday, Marketbeat reports. The brokerage presently has a $64.00 price objective on the oil and gas producer's stock, up from their prior price objective of $54.00. UBS Group's price target would indicate a potential upside of 18.62% from the company's previous close.

EQT has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Citigroup lifted their price objective 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. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Stephens cut their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $55.94.

EQT Stock Up 0.9 %

Shares of EQT traded up $0.50 during mid-day trading on Monday, hitting $53.95. The company's stock had a trading volume of 7,086,604 shares, compared to its average volume of 7,849,411. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 134.89, a PEG ratio of 0.64 and a beta of 0.59. The company's 50-day moving average is $50.62 and its 200-day moving average is $47.85. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts forecast that EQT will post 3.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its holdings in shares of EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock valued at $4,878,000 after buying an additional 35,733 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock valued at $2,379,000 after acquiring an additional 16,416 shares during the period. D.A. Davidson & CO. lifted its holdings in EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock valued at $298,000 after acquiring an additional 762 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in EQT by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock worth $1,914,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Howard Financial Services LTD. acquired a new stake in shares of EQT during the 4th quarter worth approximately $223,000. Hedge funds and other 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.