EQT (NYSE:EQT) Upgraded at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a research note published on Saturday.

A number of other equities research analysts also recently commented on EQT. Wells Fargo & Company upped their price objective on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Piper Sandler increased their price target on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a report on Monday, January 6th. Finally, UBS Group increased their price target on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Trading Up 4.8 %

NYSE EQT opened at $53.55 on Friday. The stock has a 50-day simple moving average of $47.96 and a 200 day simple moving average of $40.45. The company has a market capitalization of $31.95 billion, a PE ratio of 63.74, a P/E/G ratio of 0.62 and a beta of 1.08. 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.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.18%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Insider Activity at EQT

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. HM Payson & Co. acquired a new stake in shares of EQT in the third quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter valued at approximately $30,000. Hexagon Capital Partners LLC lifted its position in shares of EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 904 shares during the last quarter. Quarry LP lifted its position in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of EQT in the third quarter valued at approximately $36,000. 90.81% of the stock is owned by institutional investors and hedge funds.

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.