EQT (NYSE:EQT) Rating Increased to Outperform at Mizuho

Mizuho upgraded shares of EQT (NYSE:EQT - Free Report) from a neutral rating to an outperform rating in a research note published on Monday, MarketBeat reports. They currently have $57.00 price target on the oil and gas producer's stock, up from their prior price target of $48.00.

Other analysts have also issued reports about the company. Citigroup boosted their price objective on EQT from $44.00 to $51.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America started coverage on EQT in a report on Monday, October 28th. They issued a "buy" rating and a $50.00 price target for the company. Piper Sandler raised their price objective on EQT from $32.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their target price on shares of EQT from $42.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Finally, Morgan Stanley raised their price target on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.61.

EQT Stock Down 1.7 %

Shares of EQT stock traded down $0.77 during mid-day trading on Monday, reaching $44.82. 4,834,290 shares of the company were exchanged, compared to its average volume of 7,152,423. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The business's 50 day simple moving average is $41.00 and its 200 day simple moving average is $37.41. The company has a market capitalization of $26.74 billion, a P/E ratio of 54.27 and a beta of 1.14. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $48.02.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. Research analysts predict that EQT will post 1.37 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.41%. EQT's dividend payout ratio is presently 75.00%.

Insider Activity at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. HM Payson & Co. bought a new stake in EQT in the third quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of EQT in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC bought a new stake in shares of EQT in the 3rd quarter worth approximately $30,000. Quarry LP lifted its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after purchasing an additional 578 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer's stock worth $33,000 after buying an additional 904 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.