UBS Group Raises EQT (NYSE:EQT) Price Target to $54.00

EQT (NYSE:EQT - Free Report) had its price target increased by UBS Group from $49.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the oil and gas producer's stock.

EQT has been the subject of a number of other research reports. StockNews.com raised EQT to a "sell" rating in a research report on Saturday, February 8th. Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their target price on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.89.

EQT Trading Up 1.2 %

Shares of EQT stock traded up $0.62 during mid-day trading on Thursday, reaching $53.49. The stock had a trading volume of 5,552,108 shares, compared to its average volume of 7,823,351. The firm has a market capitalization of $31.91 billion, a PE ratio of 63.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. The stock's 50-day moving average price is $48.85 and its two-hundred day moving average price is $41.12. The company has a current ratio of 0.51, a quick 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 $54.85.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT's dividend payout ratio (DPR) is 75.00%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. Wellington Management Group LLP increased its holdings in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares in the last quarter. Vanguard Group Inc. increased its holdings in EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock worth $3,344,371,000 after buying an additional 358,649 shares in the last quarter. State Street Corp raised its position in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC bought a new position in EQT during the 3rd quarter valued at about $562,494,000. Finally, Geode Capital Management LLC boosted its holdings in shares of EQT by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock valued at $663,552,000 after acquiring an additional 429,733 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

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.