EQT (NYSE:EQT) Price Target Raised to $48.00 at Mizuho

EQT (NYSE:EQT) had its target price lifted by Mizuho from $45.00 to $48.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the oil and gas producer’s stock.

Several other research analysts have also recently weighed in on the stock. Bank of America began coverage on shares of EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target on the stock. Stephens increased their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price target on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Truist Financial increased their price objective on EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.67.

EQT Stock Performance

Shares of NYSE EQT opened at $45.58 on Tuesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $27.20 billion, a P/E ratio of 54.26 and a beta of 1.06. EQT has a 12 month low of $30.02 and a 12 month high of $48.02. The stock has a 50 day moving average of $38.70 and a 200-day moving average of $37.05.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, equities research analysts predict that EQT will post 1.35 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio is presently 75.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Davis Investment Partners LLC boosted its stake in shares of EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock valued at $1,137,000 after purchasing an additional 317 shares in the last quarter. Hancock Whitney Corp boosted its position in EQT by 3.0% in the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after buying an additional 419 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of EQT by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 421 shares during the last quarter. SeaBridge Investment Advisors LLC increased its holdings in shares of EQT by 1.4% during the second quarter. SeaBridge Investment Advisors LLC now owns 30,792 shares of the oil and gas producer’s stock worth $1,139,000 after buying an additional 431 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of EQT by 40.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,498 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 434 shares during the last quarter. Institutional investors 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.