EQT Co. (NYSE:EQT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of EQT Co. (NYSE:EQT) have earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.18.

EQT has been the topic of a number of analyst reports. UBS Group dropped their price objective on shares of EQT from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Truist Financial decreased their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. Scotiabank lifted their price target on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Finally, Stephens lowered their price target on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th.

EQT Stock Up 2.1 %

NYSE:EQT opened at $36.96 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT has a twelve month low of $30.02 and a twelve month high of $45.23. The company has a market cap of $16.32 billion, a PE ratio of 26.78 and a beta of 1.06. The company’s 50 day moving average is $34.66 and its two-hundred day moving average is $36.60.

EQT (NYSE:EQT) last released its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) earnings per share. Analysts anticipate that EQT will post 1.37 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.1575 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. EQT’s payout ratio is currently 45.65%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of EQT during the second quarter valued at about $28,000. Hexagon Capital Partners LLC boosted its holdings in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 908 shares in the last quarter. Blue Trust Inc. increased its holdings in EQT by 149.5% during the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of EQT by 224.8% in the 3rd quarter. Rise Advisors LLC now owns 1,036 shares of the oil and gas producer’s stock valued at $38,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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.