EQT (NYSE:EQT) Downgraded by StockNews.com to Sell

EQT (NYSE:EQT - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Monday.

Several other research analysts also recently weighed in on EQT. Mizuho lifted their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Royal Bank of Canada restated a "sector perform" rating and set a $49.00 price target on shares of EQT in a report on Monday, January 6th. Stephens raised shares of EQT from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $59.00 in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.72.

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EQT Price Performance

NYSE EQT traded up $1.17 on Monday, reaching $49.66. The company's stock had a trading volume of 8,892,353 shares, compared to its average volume of 7,770,694. EQT has a twelve month low of $30.02 and a twelve month high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm's 50 day moving average is $50.93 and its two-hundred day moving average is $46.18. The stock has a market cap of $29.67 billion, a PE ratio of 124.16, a PEG ratio of 0.64 and a beta of 1.35.

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

Hedge Funds Weigh In On EQT

Several large investors have recently made changes to their positions in the company. Quarry LP raised its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after buying an additional 578 shares during the period. University of Texas Texas AM Investment Management Co. raised its position in EQT by 47.7% in the 4th 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 last quarter. EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 205 shares in the last quarter. Financial Avengers Inc. lifted its position in EQT by 100.8% during the 3rd 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, Parkside Financial Bank & Trust raised its holdings in 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 in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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.