EQT Corporation (NYSE:EQT) Receives $58.00 Average Price Target from Brokerages

EQT Corporation (NYSE:EQT) has earned an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $58.00.

Several research analysts recently weighed in on the company. Morgan Stanley raised their target price on EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Mizuho upped their target price on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Piper Sandler upped their target price on EQT from $35.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Wells Fargo & Company upped their target price on EQT from $59.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, June 16th. Finally, Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 17th.

EQT Trading Down 1.4%

Shares of EQT stock opened at $55.36 on Wednesday. The business has a fifty day simple moving average of $55.71 and a 200-day simple moving average of $51.99. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $61.02. The firm has a market cap of $33.15 billion, a price-to-earnings ratio of 97.12, a price-to-earnings-growth ratio of 0.34 and a beta of 0.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, equities analysts forecast that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, May 7th. EQT’s dividend payout ratio is 110.53%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT acquired a new stake in shares of EQT in the first quarter worth $35,000. Harbour Investments Inc. grew its stake in shares of EQT by 48.4% in the first quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 226 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after acquiring an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 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.