EQT (NYSE:EQT) PT Raised to $49.00

EQT (NYSE:EQT) had its price target increased by Morgan Stanley from $37.00 to $49.00 in a research report released on Wednesday, Benzinga reports. They currently have an overweight rating on the oil and gas producer’s stock.

Several other research firms have also recently commented on EQT. Scotiabank upgraded EQT from a sector perform rating to a sector outperform rating and upped their price target for the stock from $40.00 to $52.00 in a research note on Thursday, April 11th. Mizuho upped their price target on EQT from $39.00 to $40.00 and gave the stock a neutral rating in a research note on Tuesday. StockNews.com upgraded EQT to a sell rating in a research note on Tuesday, March 12th. Jefferies Financial Group upped their price target on EQT from $42.00 to $43.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, The Goldman Sachs Group cut their price target on EQT from $48.00 to $43.00 and set a buy rating for the company in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EQT has an average rating of Hold and a consensus price target of $43.38.

EQT Price Performance

Shares of NYSE EQT opened at $36.65 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. EQT has a twelve month low of $30.84 and a twelve month high of $45.23. The stock has a 50 day moving average of $35.92 and a two-hundred day moving average of $38.06. The stock has a market cap of $16.14 billion, a P/E ratio of 8.62 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, research analysts forecast that EQT will post 1.4 earnings per share for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is 14.82%.

Institutional Trading of EQT

Several large investors have recently bought and sold shares of EQT. Raymond James Financial Services Advisors Inc. grew its holdings in EQT by 12.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 31,346 shares of the oil and gas producer’s stock valued at $1,079,000 after purchasing an additional 3,541 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in EQT in the first quarter valued at $96,000. Great West Life Assurance Co. Can grew its holdings in EQT by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 166,448 shares of the oil and gas producer’s stock valued at $5,891,000 after purchasing an additional 12,466 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in EQT in the first quarter valued at $539,000. Finally, Blair William & Co. IL acquired a new stake in EQT in the first quarter valued at $329,000. 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.