EQT (NYSE:EQT) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT - Free Report) from a sell rating to a hold rating in a report released on Tuesday morning.

Other research analysts also recently issued reports about the company. UBS Group lifted their target price on EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Citigroup boosted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Jefferies Financial Group raised their target price on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Finally, Stephens raised shares of EQT from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.11.

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EQT Stock Performance

EQT stock traded down $0.63 on Tuesday, hitting $52.30. The company's stock had a trading volume of 8,090,618 shares, compared to its average volume of 7,290,912. The stock has a market cap of $31.24 billion, a price-to-earnings ratio of 130.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The firm has a 50 day moving average of $51.38 and a two-hundred day moving average of $44.70. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. Equities analysts predict that EQT will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.20%. EQT's dividend payout ratio (DPR) is currently 157.50%.

Institutional Trading of EQT

Several institutional investors and hedge funds have recently modified their holdings of EQT. Sanctuary Advisors LLC raised its position in shares of EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama increased its position in EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after buying an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock worth $2,379,000 after acquiring an additional 16,416 shares during the last quarter. FMR LLC lifted its position in shares of EQT by 2.5% in the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock valued at $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock valued at $298,000 after acquiring an additional 762 shares during the last quarter. 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.