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

Shares of EQT Co. (NYSE:EQT - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen analysts that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $42.83.

A number of equities analysts have recently issued reports on EQT shares. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They set a "buy" rating and a $50.00 target price on the stock. Mizuho raised their price objective on shares of EQT from $41.00 to $45.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $45.00 target price on shares of EQT in a report on Friday, September 13th. Citigroup raised EQT from a "neutral" rating to a "buy" rating and boosted their target price for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. Finally, UBS Group increased their price target on EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, November 4th.

Hedge Funds Weigh In On EQT

Several hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its position in shares of EQT by 69.0% in the third quarter. TD Private Client Wealth LLC now owns 3,836 shares of the oil and gas producer's stock valued at $141,000 after acquiring an additional 1,566 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in EQT by 136.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 79,525 shares of the oil and gas producer's stock valued at $2,914,000 after purchasing an additional 45,898 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of EQT by 154.0% during the 3rd quarter. Toronto Dominion Bank now owns 316,518 shares of the oil and gas producer's stock worth $11,597,000 after purchasing an additional 191,892 shares during the last quarter. Financial Avengers Inc. grew its holdings in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after buying an additional 504 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in EQT by 22.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,243 shares of the oil and gas producer's stock valued at $567,000 after acquiring an additional 2,810 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Down 0.5 %

NYSE:EQT traded down $0.20 during midday trading on Tuesday, hitting $44.08. 5,674,609 shares of the company were exchanged, compared to its average volume of 7,060,998. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $44.62. The company has a market capitalization of $26.30 billion, a PE ratio of 52.71 and a beta of 1.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $37.16 and a 200 day simple moving average of $36.81.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. As a group, equities analysts anticipate that EQT will post 1.28 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT's payout ratio is currently 75.00%.

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.