EQT (NYSE:EQT) Raised to Sell at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a research report released on Saturday morning.

Other equities research analysts also recently issued research reports about the company. UBS Group raised their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Wells Fargo & Company lifted their target price on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Piper Sandler lifted their target price on EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America assumed coverage on EQT in a report on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Trading Up 4.8 %

Shares of EQT stock opened at $53.55 on Friday. The stock’s fifty day moving average price is $47.96 and its two-hundred day moving average price is $40.45. The company has a market cap of $31.95 billion, a PE ratio of 63.74, a P/E/G ratio of 0.62 and a beta of 1.08. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51.

EQT Dividend Announcement

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

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. HM Payson & Co. bought a new stake in EQT in the 3rd quarter valued at about $25,000. Truvestments Capital LLC bought a new stake in EQT in the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC increased its position in EQT by 18,080.0% in the 3rd 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 in the last quarter. Quarry LP increased its position in EQT by 184.7% in the 3rd 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 in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT in the 3rd quarter valued at about $36,000. 90.81% of the stock is owned by institutional investors.

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.