EQT Co. (NYSE:EQT) Receives $52.39 Consensus Target Price from Analysts

Shares of EQT Co. (NYSE:EQT) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat Ratings 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 1 year price target among brokerages that have issued ratings on the stock in the last year is $52.39.

A number of equities analysts recently weighed in on EQT shares. Citigroup upped their price target on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group upped their target price on EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Morgan Stanley lifted their price target on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Wells Fargo & Company upped their price objective on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Piper Sandler lifted their target price on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in EQT in the fourth quarter valued at approximately $5,993,000. Capital A Wealth Management LLC acquired a new position in shares of EQT in the 4th quarter valued at $72,000. Mackenzie Financial Corp grew its holdings 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 purchasing an additional 7,425 shares during the period. Michels Family Financial LLC acquired a new stake in shares of EQT during the 4th quarter worth about $721,000. Finally, GF Fund Management CO. LTD. purchased a new stake in EQT in the 4th quarter valued at about $8,318,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Price Performance

Shares of NYSE EQT opened at $48.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm’s 50 day simple moving average is $50.16 and its 200-day simple moving average is $42.40. EQT has a 12 month low of $30.02 and a 12 month high of $56.66. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 120.62, a PEG ratio of 0.64 and a beta of 1.08.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Analysts expect that EQT will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.31%. EQT’s payout ratio is 157.50%.

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.