EQT (NYSE:EQT) Given New $57.00 Price Target at Stephens

EQT (NYSE:EQT - Free Report) had its price target trimmed by Stephens from $59.00 to $57.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the oil and gas producer's stock.

A number of other analysts also recently commented on EQT. Jefferies Financial Group boosted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a report on Tuesday, April 8th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $55.00 to $54.00 in a report on Friday, January 17th. UBS Group reduced their price objective on EQT from $58.00 to $55.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Wells Fargo & Company upped their price target on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, EQT presently has an average rating of "Moderate Buy" and an average price target of $55.56.

EQT Stock Up 0.3 %

EQT stock traded up $0.16 during midday trading on Tuesday, hitting $51.01. 5,000,185 shares of the company were exchanged, compared to its average volume of 7,772,903. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The company's fifty day moving average price is $50.75 and its 200-day moving average price is $46.61. The company has a market cap of $30.47 billion, a PE ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. On average, research 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 will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, May 7th. EQT's payout ratio is presently 157.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC boosted its holdings in EQT by 29.3% in the third quarter. MML Investors Services LLC now owns 17,895 shares of the oil and gas producer's stock valued at $656,000 after acquiring an additional 4,057 shares during the last quarter. M&T Bank Corp boosted its position in shares of EQT by 45.6% during the third quarter. M&T Bank Corp now owns 24,913 shares of the oil and gas producer's stock worth $913,000 after purchasing an additional 7,800 shares in the last quarter. Bard Financial Services Inc. bought a new position in EQT during the third quarter worth about $878,000. Sanctuary Advisors LLC raised its position in shares of EQT by 104.7% during the third 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 period. Finally, Wilmington Savings Fund Society FSB bought a new stake in EQT during the 3rd quarter worth approximately $165,000. Institutional investors and hedge funds 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.