EQT Co. (NYSE:EQT) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of EQT Co. (NYSE:EQT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eighteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $55.11.

Several research analysts have commented on the stock. Piper Sandler upped their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. Morgan Stanley restated an "overweight" rating and issued a $67.00 price objective (up from $63.00) on shares of EQT in a report on Wednesday. Truist Financial upped their target price on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Scotiabank cut EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th.

EQT Trading Down 1.2 %

Shares of EQT stock traded down $0.63 during trading on Monday, reaching $52.30. 8,090,618 shares of the stock were exchanged, compared to its average volume of 7,290,295. 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 cap of $31.24 billion, a price-to-earnings ratio of 130.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT has a 1 year low of $30.02 and a 1 year high of $56.66. The stock's fifty day moving average is $51.41 and its 200 day moving average is $44.64.

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EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share 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 business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. As a group, equities research analysts expect that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is currently 157.50%.

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 purchasing an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in EQT by 26.6% during the 4th 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 last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock valued at $218,000 after buying an additional 223 shares during the period. Huntington National Bank boosted its stake in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after buying an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after acquiring an additional 236 shares during the period. 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.