EQT (NYSE:EQT) Upgraded at StockNews.com

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

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Jefferies Financial Group increased their target price on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Piper Sandler lifted their price target on EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Finally, Stephens raised EQT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. One research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.11.

EQT Price Performance

Shares of NYSE:EQT opened at $52.30 on Tuesday. EQT has a one year low of $30.02 and a one year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market capitalization of $31.24 billion, a price-to-earnings ratio of 130.74, a PEG ratio of 0.64 and a beta of 1.12. The company’s fifty day moving average price is $51.38 and its 200-day moving average price is $44.70.

EQT (NYSE:EQT) last issued its quarterly earnings results 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. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts anticipate that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

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

Hedge Funds Weigh In On EQT

Hedge funds have recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in EQT during the third quarter valued at approximately $30,000. Quarry LP boosted its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of EQT by 26.6% in 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. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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.