EQT (NYSE:EQT) Upgraded to “Hold” at StockNews.com

EQT (NYSE:EQT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on the company. Citigroup raised their price objective on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Jefferies Financial Group raised their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average target price of $54.50.

EQT Price Performance

EQT opened at $54.03 on Tuesday. The firm has a market capitalization of $32.28 billion, a PE ratio of 135.07, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. 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 business’s 50-day moving average is $51.33 and its two-hundred day moving average is $44.43. EQT has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts anticipate that EQT will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of EQT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in shares of EQT by 71.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer’s stock valued at $1,119,000 after acquiring an additional 12,723 shares during the period. Pathstone Holdings LLC boosted its position in EQT by 33.9% during the third quarter. Pathstone Holdings LLC now owns 75,051 shares of the oil and gas producer’s stock worth $2,750,000 after purchasing an additional 19,013 shares in the last quarter. Raymond James Trust N.A. grew its holdings in EQT by 27.2% in the third quarter. Raymond James Trust N.A. now owns 14,264 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 3,050 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of EQT in the third quarter valued at approximately $209,000. Finally, Cerity Partners LLC raised its stake in shares of EQT by 51.4% during the 3rd quarter. Cerity Partners LLC now owns 36,754 shares of the oil and gas producer’s stock worth $1,347,000 after buying an additional 12,480 shares during the period. 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.