UBS Group Has Lowered Expectations for EQT (NYSE:EQT) Stock Price

EQT (NYSE:EQT) had its price target trimmed by UBS Group from $58.00 to $55.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas producer’s stock.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Piper Sandler increased their price objective on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Finally, Jefferies Financial Group upped their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.11.

EQT Stock Up 2.4 %

Shares of EQT stock opened at $47.21 on Monday. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of 118.02, a P/E/G ratio of 0.64 and a beta of 1.35. The stock has a 50-day simple moving average of $51.22 and a 200-day simple moving average of $45.77. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. 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 (NYSE:EQT) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, equities research analysts expect that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.33%. EQT’s dividend payout ratio (DPR) is 157.50%.

Institutional Trading of EQT

Several institutional investors have recently modified their holdings of the company. Quarry LP boosted its stake 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 buying an additional 578 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its position in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Financial Avengers Inc. raised its position in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.