Piper Sandler Lowers EQT (NYSE:EQT) Price Target to $35.00

EQT (NYSE:EQT - Free Report) had its price objective reduced by Piper Sandler from $36.00 to $35.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the oil and gas producer's stock.

Several other research firms have also recently weighed in on EQT. Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Wells Fargo & Company increased their target price on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Finally, UBS Group reduced their target price on shares of EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.39.

EQT Stock Up 2.9 %

NYSE:EQT traded up $1.44 during trading hours on Tuesday, reaching $50.26. The company's stock had a trading volume of 9,360,326 shares, compared to its average volume of 7,802,103. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $30.09 billion, a price-to-earnings ratio of 125.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT has a one year low of $30.02 and a one year high of $56.66. The business's 50-day moving average is $50.31 and its 200-day moving average is $47.09.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts predict that EQT will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is 110.53%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EQT. University of Texas Texas AM Investment Management Co. lifted its stake in EQT by 47.7% in the fourth 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 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 valued at $45,000 after acquiring an additional 205 shares during the period. Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% during the 4th 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 during the last quarter. Stonebridge Financial Group LLC bought a new stake in EQT in the fourth quarter valued at approximately $55,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in EQT in the fourth quarter worth $55,000. 90.81% of the stock is currently owned by institutional investors.

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.