EQT Co. (NYSE:EQT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

EQT Co. (NYSE:EQT) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $55.39.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group lowered their price objective on EQT from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, Jefferies Financial Group lifted their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

EQT Trading Up 0.2 %

EQT opened at $48.84 on Friday. 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 has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market cap of $29.18 billion, a PE ratio of 122.10, a PEG ratio of 0.64 and a beta of 1.35. The business has a 50 day moving average of $50.37 and a 200-day moving average of $46.92.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio is 157.50%.

Institutional Investors Weigh In On EQT

A number of large investors have recently made changes to their positions in EQT. Parkside Financial Bank & Trust boosted its holdings 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 buying an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of EQT by 26.6% during the 4th 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. Generali Investments Management Co LLC grew its position in shares of EQT by 14.1% during the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer’s stock valued at $91,000 after acquiring an additional 211 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in shares of EQT by 3.9% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer’s stock worth $309,000 after purchasing an additional 219 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 223 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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.