EQT Co. (NYSE:EQT) Given Consensus Rating of “Moderate Buy” by Analysts

EQT Co. (NYSE:EQT) has received an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $44.56.

A number of equities analysts have recently weighed in on EQT shares. Scotiabank raised EQT from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $40.00 to $52.00 in a research report on Thursday, April 11th. The Goldman Sachs Group dropped their price objective on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Truist Financial reduced their price objective on shares of EQT from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, April 5th. TD Cowen started coverage on shares of EQT in a report on Friday, April 19th. They issued a “hold” rating and a $43.00 target price on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $46.00 price target on shares of EQT in a research note on Tuesday, March 5th.

EQT Trading Down 1.3 %

NYSE:EQT opened at $40.50 on Friday. EQT has a 12 month low of $31.58 and a 12 month high of $45.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $17.88 billion, a price-to-earnings ratio of 29.35 and a beta of 1.09. The firm has a fifty day simple moving average of $36.98 and a two-hundred day simple moving average of $37.75.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $1.70 EPS. The firm’s revenue for the quarter was down 28.8% compared to the same quarter last year. Analysts expect that EQT will post 1.14 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.56%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Compound Global Advisors LLC raised its holdings in EQT by 130.2% during the 4th quarter. Compound Global Advisors LLC now owns 409,545 shares of the oil and gas producer’s stock valued at $15,833,000 after acquiring an additional 231,651 shares during the period. Jennison Associates LLC grew its holdings in EQT by 50.5% during the 4th quarter. Jennison Associates LLC now owns 231,335 shares of the oil and gas producer’s stock valued at $8,943,000 after buying an additional 77,663 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of EQT by 14.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 511,988 shares of the oil and gas producer’s stock worth $19,793,000 after buying an additional 63,190 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of EQT by 212.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock valued at $6,740,000 after acquiring an additional 118,482 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of EQT by 8.6% in the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock valued at $1,822,027,000 after acquiring an additional 3,539,661 shares during the period. 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.