StockNews.com Upgrades EQT (NYSE:EQT) to “Sell”

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a report published on Friday.

Several other analysts have also recently weighed in on the company. Truist Financial lifted their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. BMO Capital Markets lifted their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. UBS Group increased their price objective on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th. Finally, Citigroup boosted their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Trading Down 1.2 %

NYSE:EQT opened at $51.03 on Friday. The company has a 50-day moving average price of $47.32 and a 200-day moving average price of $39.84. The stock has a market cap of $30.45 billion, a price-to-earnings ratio of 60.75, a P/E/G ratio of 0.58 and a beta of 1.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 12 month low of $30.02 and a 12 month high of $54.85.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred 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 directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On EQT

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQT. Global Retirement Partners LLC boosted its stake in shares of EQT by 86.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,696 shares of the oil and gas producer’s stock worth $124,000 after buying an additional 1,249 shares during the last quarter. Callahan Advisors LLC boosted its holdings in shares of EQT by 2.0% in the fourth quarter. Callahan Advisors LLC now owns 335,946 shares of the oil and gas producer’s stock worth $15,490,000 after buying an additional 6,744 shares during the last quarter. D.A. Davidson & CO. increased its holdings in 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 buying an additional 762 shares during the last quarter. Truist Financial Corp raised its position in EQT by 18.0% in the fourth quarter. Truist Financial Corp now owns 28,638 shares of the oil and gas producer’s stock worth $1,321,000 after acquiring an additional 4,375 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of EQT by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 90,492 shares of the oil and gas producer’s stock worth $4,173,000 after acquiring an additional 4,139 shares during the last quarter. 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.