EQT Co. (NYSE:EQT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of EQT Co. (NYSE:EQT) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $52.39.

EQT has been the subject of a number of research reports. UBS Group increased their target price on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $57.00 in a report on Monday, December 16th. StockNews.com raised shares of EQT to a “sell” rating in a report on Saturday, February 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On EQT

A number of institutional investors have recently modified their holdings of EQT. Capital A Wealth Management LLC bought a new position in EQT in the fourth quarter worth approximately $72,000. Mackenzie Financial Corp grew its position in shares of EQT by 16.7% during the 4th quarter. Mackenzie Financial Corp now owns 51,890 shares of the oil and gas producer’s stock worth $2,393,000 after buying an additional 7,425 shares in the last quarter. Michels Family Financial LLC bought a new position in shares of EQT during the 4th quarter worth $721,000. GF Fund Management CO. LTD. purchased a new position in shares of EQT during the fourth quarter valued at $8,318,000. Finally, University of Texas Texas AM Investment Management Co. raised its holdings 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 valued at $44,000 after acquiring an additional 310 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Stock Down 0.3 %

Shares of EQT stock opened at $48.70 on Thursday. The company’s fifty day simple moving average is $49.98 and its two-hundred day simple moving average is $42.18. EQT has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market cap of $29.09 billion, a P/E ratio of 121.74, a PEG ratio of 0.64 and a beta of 1.08. 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 posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts predict that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s dividend payout ratio is currently 157.50%.

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.