EQT Co. (NYSE:EQT) Given Consensus Recommendation of “Moderate Buy” by Analysts

EQT Co. (NYSE:EQT) has received an average rating of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.11.

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of EQT in a report on Friday, December 6th. They issued a “market perform” rating and a $50.00 target price for the company. UBS Group raised 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. Wells Fargo & Company boosted their target price on EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Mizuho raised their price target on EQT from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th.

EQT Stock Down 0.6 %

Shares of NYSE EQT opened at $45.60 on Friday. The business has a 50-day moving average of $40.82 and a two-hundred day moving average of $37.42. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 54.28 and a beta of 1.14. EQT has a 1 year low of $30.02 and a 1 year high of $48.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. On average, analysts forecast that EQT will post 1.37 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, November 6th. EQT’s dividend payout ratio is presently 75.00%.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

A number of institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. acquired a new stake in shares of EQT during the 3rd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in shares of EQT in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC purchased a new position in EQT in the 3rd quarter valued at approximately $30,000. Hexagon Capital Partners LLC raised its holdings in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the last quarter. Finally, Quarry LP boosted its position in EQT by 184.7% during 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 in 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.