EQT (NYSE:EQT) Price Target Increased to $55.00 by Analysts at Scotiabank

EQT (NYSE:EQT) had its price target boosted by Scotiabank from $54.00 to $55.00 in a report issued on Friday, Benzinga reports. Scotiabank currently has a sector outperform rating on the oil and gas producer’s stock.

Several other analysts also recently issued reports on the stock. Mizuho raised their price objective on shares of EQT from $43.00 to $45.00 and gave the stock a neutral rating in a research note on Monday, May 13th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $37.00 price target (down previously from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Jefferies Financial Group lifted their price target on shares of EQT from $43.00 to $48.00 and gave the company a buy rating in a research note on Tuesday, June 4th. TD Cowen began coverage on shares of EQT in a research note on Friday, April 19th. They set a hold rating and a $43.00 price target for the company. Finally, Truist Financial decreased their price target on shares of EQT from $37.00 to $35.00 and set a hold rating for the company in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $45.29.

EQT Trading Down 1.0 %

EQT opened at $36.83 on Friday. 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 firm has a market cap of $16.26 billion, a P/E ratio of 26.69 and a beta of 1.12. EQT has a 12 month low of $32.07 and a 12 month high of $45.23. The stock has a 50-day moving average of $39.23 and a 200 day moving average of $37.49.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The firm’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. As a group, research analysts forecast that EQT will post 1.06 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th were given a $0.1575 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. EQT’s dividend payout ratio (DPR) is currently 45.65%.

Insiders Place Their Bets

In related news, EVP William E. Jordan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at approximately $18,602,402.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Lesley Evancho sold 46,884 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William E. Jordan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the sale, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of EQT by 3.6% during the 4th quarter. California State Teachers Retirement System now owns 538,463 shares of the oil and gas producer’s stock worth $20,817,000 after buying an additional 18,804 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of EQT by 421.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 64,900 shares of the oil and gas producer’s stock worth $2,509,000 after buying an additional 52,443 shares during the last quarter. Cibc World Markets Corp increased its holdings in shares of EQT by 162.4% during the 4th quarter. Cibc World Markets Corp now owns 52,370 shares of the oil and gas producer’s stock worth $2,025,000 after buying an additional 32,409 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of EQT by 600.0% during the 4th quarter. National Bank of Canada FI now owns 95,871 shares of the oil and gas producer’s stock worth $3,731,000 after buying an additional 82,176 shares during the last quarter. Finally, Third Point LLC acquired a new stake in EQT in the 4th quarter valued at approximately $75,387,000. Hedge funds and other institutional investors 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.