Brokerages Set EQT Co. (NYSE:EQT) PT at $54.50

Shares of EQT Co. (NYSE:EQT) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $54.50.

A number of analysts have commented on EQT shares. Piper Sandler increased their price target on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reissued an “overweight” rating on shares of EQT in a research report on Wednesday. Truist Financial raised their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $49.00 target price on shares of EQT in a report on Monday, January 6th.

EQT Price Performance

NYSE:EQT opened at $52.89 on Monday. The stock’s 50-day simple moving average is $51.41 and its 200 day simple moving average is $44.64. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The company has a market cap of $31.60 billion, a P/E ratio of 132.23, a P/E/G ratio of 0.64 and a beta of 1.12.

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

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Institutional Trading of EQT

Institutional investors have recently modified their holdings of the stock. Mascagni Wealth Management Inc. acquired a new position in EQT in the fourth quarter valued at about $55,000. 111 Capital bought a new position in EQT in the 4th quarter valued at about $253,000. PKO Investment Management Joint Stock Co acquired a new position in shares of EQT in the 4th quarter valued at approximately $678,000. Siemens Fonds Invest GmbH acquired a new stake in shares of EQT during the 4th quarter worth approximately $108,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of EQT during the 4th quarter worth approximately $5,993,000. 90.81% of the stock is currently owned by institutional investors.

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.