EQT Co. (NYSE:EQT) Receives $54.50 Average Target Price from Analysts

Shares of EQT Co. (NYSE:EQT) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $55.11.

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Wells Fargo & Company upped their price target on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $67.00 price objective (up from $63.00) on shares of EQT in a research note on Wednesday. UBS Group increased their target price on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Finally, Citigroup lifted their target price on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 17th.

EQT Price Performance

EQT stock opened at $53.07 on Monday. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The business has a fifty day moving average of $51.38 and a two-hundred day moving average of $44.84. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 132.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

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

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT’s payout ratio is currently 157.50%.

Institutional Trading of EQT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments Inc purchased a new position in shares of EQT in the 3rd quarter valued at about $201,000. Thrivent Financial for Lutherans increased its stake in EQT by 71.4% in the third quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock valued at $1,119,000 after purchasing an additional 12,723 shares during the last quarter. Pathstone Holdings LLC raised its holdings in EQT by 33.9% during the third quarter. Pathstone Holdings LLC now owns 75,051 shares of the oil and gas producer’s stock worth $2,750,000 after purchasing an additional 19,013 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of EQT during the 3rd quarter worth approximately $223,000. Finally, Prospera Financial Services Inc boosted its holdings in shares of EQT by 19.0% in the 3rd quarter. Prospera Financial Services Inc now owns 10,471 shares of the oil and gas producer’s stock valued at $384,000 after buying an additional 1,669 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.