Brokerages Set EQT Co. (NYSE:EQT) Target Price at $52.39

EQT Co. (NYSE:EQT) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $52.39.

A number of equities research analysts recently issued reports on EQT shares. Truist Financial upped their price target on shares of EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Sanford C. Bernstein upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a report on Wednesday, January 15th. Piper Sandler upped their price objective on shares of EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho raised shares of 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 note on Monday, December 16th. Finally, StockNews.com raised shares of EQT to a “sell” rating in a research report on Saturday, February 8th.

EQT Price Performance

EQT stock opened at $50.18 on Thursday. EQT has a one year low of $30.02 and a one year high of $56.66. The company’s fifty day moving average price is $50.48 and its 200-day moving average price is $42.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a market capitalization of $29.98 billion, a PE ratio of 125.44, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Hedge Funds Weigh In On EQT

Hedge funds and other institutional investors have recently bought and sold shares of the business. HM Payson & Co. acquired a new position in EQT in the 3rd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT during the 3rd quarter worth approximately $30,000. Quarry LP grew its stake in shares of EQT by 184.7% during the 3rd 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 period. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the 3rd quarter worth approximately $36,000. Finally, Financial Avengers Inc. grew its stake in shares of EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the period. 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.