EQT (NYSE:EQT) Upgraded by StockNews.com to Sell Rating

EQT (NYSE:EQT) was upgraded by investment analysts at StockNews.com to a “sell” rating in a note issued to investors on Monday.

EQT has been the subject of several other reports. UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Sanford C. Bernstein assumed coverage on shares of EQT in a research note on Friday, December 6th. They issued a “market perform” rating and a $50.00 price target on the stock. Morgan Stanley upped their price objective on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Truist Financial raised their target price on shares of EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.61.

EQT Stock Up 5.1 %

EQT stock traded up $2.27 during trading on Monday, reaching $46.59. 9,713,476 shares of the company traded hands, compared to its average volume of 7,129,399. The company has a market capitalization of $27.80 billion, a price-to-earnings ratio of 55.46 and a beta of 1.14. The business has a 50 day simple moving average of $42.62 and a 200 day simple moving average of $37.67. EQT has a 12 month low of $30.02 and a 12 month high of $48.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT (NYSE:EQT) last released its earnings results 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 return on equity of 3.74% and a net margin of 5.52%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that EQT will post 1.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction 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 owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in EQT by 39.4% in the third quarter. Principal Financial Group Inc. now owns 700,714 shares of the oil and gas producer’s stock valued at $25,674,000 after buying an additional 198,227 shares in the last quarter. Retirement Systems of Alabama increased its stake in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Franklin Resources Inc. raised its holdings in EQT by 121.1% during the third quarter. Franklin Resources Inc. now owns 316,945 shares of the oil and gas producer’s stock worth $11,600,000 after purchasing an additional 173,596 shares during the last quarter. Synovus Financial Corp purchased a new stake in EQT during the third quarter worth $1,069,000. Finally, Tidal Investments LLC grew its holdings in EQT by 55.8% in the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock valued at $2,228,000 after purchasing an additional 21,789 shares during the last quarter. 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.