EQT Co. (NYSE:EQT - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $42.82 and last traded at $42.78, with a volume of 327441 shares. The stock had previously closed at $41.22.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on EQT shares. Wells Fargo & Company upgraded shares of EQT from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Stephens raised their price target on EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Citigroup upgraded EQT from a "neutral" rating to a "buy" rating and upped their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. Morgan Stanley restated an "overweight" rating and set a $45.00 target price on shares of EQT in a report on Friday, September 13th. Finally, StockNews.com upgraded EQT to a "sell" rating in a research report on Friday, July 26th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.83.
View Our Latest Research Report on EQT
EQT Trading Up 6.7 %
The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The business's fifty day moving average is $35.86 and its 200 day moving average is $36.66. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 49.07 and a beta of 1.06.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data 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. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $0.30 earnings per share. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts predict that EQT Co. will post 1.34 earnings per share for the current year.
EQT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.43%. EQT's payout ratio is 75.00%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers bought a new position in EQT in the first quarter valued at $2,274,000. UniSuper Management Pty Ltd grew its position in EQT by 563.1% in the first quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer's stock valued at $1,079,000 after purchasing an additional 24,713 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in EQT by 17.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer's stock valued at $17,374,000 after purchasing an additional 70,325 shares in the last quarter. Vanguard Group Inc. grew its position in EQT by 8.4% in 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 purchasing an additional 3,942,802 shares in the last quarter. Finally, Swedbank AB bought a new position in EQT in the first quarter valued at $4,073,000. Institutional investors own 90.81% of the company's stock.
About EQT
(
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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.
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