EQT (NYSE:EQT) Rating Increased to Sell at StockNews.com

EQT (NYSE:EQT) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Friday.

Several other research firms have also commented on EQT. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Truist Financial boosted their price objective on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler increased their target price on EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.94.

EQT Stock Up 2.0 %

Shares of EQT opened at $51.65 on Friday. The firm has a market cap of $30.82 billion, a PE ratio of 61.48 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average is $47.12 and its two-hundred day moving average is $39.63. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $54.85.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. Analysts forecast that EQT will post 1.42 earnings per share for the current year.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EQT

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. State Street Corp raised its stake in shares of EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after purchasing an additional 7,290,822 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in EQT in the third quarter worth about $562,494,000. Geode Capital Management LLC raised its position in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after buying an additional 3,582,418 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of EQT by 28.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,013,058 shares of the oil and gas producer’s stock valued at $183,678,000 after acquiring an additional 1,108,134 shares in the last quarter. Institutional investors and hedge funds 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.