EQT (NYSE:EQT) Stock Price Expected to Rise, Mizuho Analyst Says

EQT (NYSE:EQT - Free Report) had its target price increased by Mizuho from $41.00 to $45.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas producer's stock.

EQT has been the topic of a number of other reports. UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of EQT from $37.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, September 26th. Wells Fargo & Company upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $40.00 to $42.00 in a research report on Wednesday, August 14th. Stephens boosted their price target on EQT from $37.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Finally, Citigroup raised EQT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.83.

EQT Price Performance

Shares of EQT traded up $0.74 during mid-day trading on Tuesday, reaching $37.54. 6,363,893 shares of the company's stock were exchanged, compared to its average volume of 7,034,474. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 52-week low of $30.02 and a 52-week high of $44.47. The company has a market cap of $16.58 billion, a price-to-earnings ratio of 44.69 and a beta of 1.06. The company has a 50-day simple moving average of $35.41 and a two-hundred day simple moving average of $36.62.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.30 earnings per share. EQT's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that EQT will post 1.42 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a yield of 1.68%. EQT's dividend payout ratio is currently 75.00%.

Hedge Funds Weigh In On EQT

Hedge funds have recently made changes to their positions in the business. Modera Wealth Management LLC purchased a new position in shares of EQT in the third quarter valued at $562,494,000. Price T Rowe Associates Inc. MD boosted its position in EQT by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer's stock valued at $2,405,007,000 after buying an additional 11,993,729 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of EQT by 8.4% during the first quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock valued at $1,885,590,000 after acquiring an additional 3,942,802 shares in the last quarter. Canoe Financial LP acquired a new position in shares of EQT in the third quarter worth about $89,907,000. Finally, Merewether Investment Management LP acquired a new position in shares of EQT in the second quarter worth about $69,452,000. Hedge funds and other 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.