EQT (NYSE:EQT) Stock Rating Upgraded by StockNews.com

EQT (NYSE:EQT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts have also issued reports about the company. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $57.00 in a report on Monday, December 16th. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Stephens upgraded shares of EQT from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, EQT has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Stock Performance

NYSE EQT opened at $54.03 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The company has a market cap of $32.28 billion, a PE ratio of 135.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The stock’s 50 day simple moving average is $51.33 and its 200-day simple moving average is $44.43.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities research analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On EQT

A number of hedge funds have recently added to or reduced their stakes in EQT. Sanctuary Advisors LLC raised its stake in shares of EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after acquiring an additional 32,484 shares in the last quarter. Retirement Systems of Alabama raised its position in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after buying an additional 16,416 shares during the period. FMR LLC grew its position in shares of EQT by 2.5% during the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after buying an additional 28,129 shares in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 762 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.