EQT (NYSE:EQT) Price Target Lowered to $57.00 at Stephens

EQT (NYSE:EQT - Free Report) had its target price decreased by Stephens from $59.00 to $57.00 in a research report released on Tuesday,Benzinga reports. Stephens currently has an overweight rating on the oil and gas producer's stock.

Several other research firms also recently weighed in on EQT. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 target price for the company in a report on Wednesday, January 15th. Piper Sandler increased their target price on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note on Thursday, March 6th. Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Mizuho raised their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, EQT currently has an average rating of "Moderate Buy" and a consensus price target of $55.56.

EQT Trading Up 0.3 %

Shares of EQT stock traded up $0.16 during mid-day trading on Tuesday, hitting $51.01. The stock had a trading volume of 5,000,185 shares, compared to its average volume of 7,784,209. The firm has a market cap of $30.47 billion, a P/E ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. 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 50-day moving average of $50.75 and a two-hundred day moving average of $46.68. EQT has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. Sell-side analysts forecast that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio is currently 157.50%.

Institutional Investors Weigh In On EQT

Hedge funds have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. raised its stake in EQT by 47.7% during the fourth 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 during the period. EverSource Wealth Advisors LLC raised its position in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after purchasing an additional 193 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in EQT during the 4th quarter worth approximately $55,000. Finally, First Horizon Advisors Inc. raised its holdings in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after buying an additional 298 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

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.