EQT (NYSE:EQT) Upgraded by Stephens to Overweight Rating

Stephens upgraded shares of EQT (NYSE:EQT) from an equal weight rating to an overweight rating in a report issued on Tuesday, Marketbeat reports. They currently have $59.00 price objective on the oil and gas producer’s stock, up from their previous price objective of $41.00.

Several other analysts also recently weighed in on the company. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. StockNews.com raised shares of EQT from a “sell” rating to a “hold” rating in a report on Friday, March 14th. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $49.00 target price on shares of EQT in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT Trading Up 0.3 %

Shares of EQT stock opened at $53.74 on Tuesday. The firm’s 50-day moving average price is $51.17 and its two-hundred day moving average price is $43.99. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 134.36, a PEG ratio of 0.64 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) 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, 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 for the quarter, compared to analysts’ expectations of $1.81 billion. On average, analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.17%. EQT’s payout ratio is 157.50%.

Institutional Trading of EQT

Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its holdings in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 223 shares during the period. Huntington National Bank boosted its position in EQT by 7.4% during the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock valued at $151,000 after acquiring an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after acquiring an additional 236 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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.