EQT Co. (NYSE:EQT) Receives $44.56 Consensus Target Price from Analysts

EQT Co. (NYSE:EQT) has earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.56.

A number of equities analysts have recently issued reports on the company. Mizuho increased their price target on EQT from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $27.00 to $34.00 in a report on Wednesday, April 10th. TD Cowen began coverage on shares of EQT in a research note on Friday, April 19th. They set a “hold” rating and a $43.00 price objective on the stock. Piper Sandler reissued an “overweight” rating and issued a $46.00 price objective (up previously from $41.00) on shares of EQT in a research note on Tuesday, April 30th. Finally, Stephens increased their target price on EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th.

EQT Trading Up 2.0 %

NYSE EQT opened at $40.27 on Friday. EQT has a 12 month low of $30.84 and a 12 month high of $45.23. The company’s 50-day moving average price is $36.82 and its 200-day moving average price is $37.77. The stock has a market cap of $17.78 billion, a PE ratio of 29.18 and a beta of 1.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. Equities research analysts forecast that EQT will post 1.14 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. EQT’s payout ratio is 45.65%.

Institutional Trading of EQT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd acquired a new stake in shares of EQT during the first quarter worth about $121,000. Easterly Investment Partners LLC increased its stake in shares of EQT by 29.3% in the first quarter. Easterly Investment Partners LLC now owns 111,556 shares of the oil and gas producer’s stock worth $4,135,000 after acquiring an additional 25,306 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in shares of EQT by 19.5% during the first quarter. Nikko Asset Management Americas Inc. now owns 23,906 shares of the oil and gas producer’s stock worth $886,000 after purchasing an additional 3,899 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in EQT by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 134,775 shares of the oil and gas producer’s stock valued at $4,995,000 after purchasing an additional 6,750 shares during the period. Finally, Whittier Trust Co. boosted its holdings in EQT by 4.1% in the first quarter. Whittier Trust Co. now owns 252,078 shares of the oil and gas producer’s stock valued at $9,342,000 after purchasing an additional 9,904 shares during the last quarter. Institutional investors and hedge funds 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.