EQT (NYSE:EQT) Price Target Raised to $45.00

EQT (NYSE:EQT) had its price target lifted by Mizuho from $41.00 to $45.00 in a report published on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas producer’s stock.

A number of other research firms have also recently commented on EQT. Wells Fargo & Company upgraded EQT from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $42.00 in a research report on Wednesday, August 14th. Stephens upped their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial lowered their price objective on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and boosted their target price for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, UBS Group increased their price target on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EQT has an average rating of “Moderate Buy” and an average target price of $42.83.

EQT Stock Up 0.7 %

Shares of EQT stock traded up $0.28 during mid-day trading on Tuesday, hitting $40.97. The company’s stock had a trading volume of 1,114,675 shares, compared to its average volume of 7,029,122. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. EQT has a 52-week low of $30.02 and a 52-week high of $42.44. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 48.44 and a beta of 1.06. The business has a 50-day moving average price of $35.56 and a 200 day moving average price of $36.64.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts predict that EQT will post 1.39 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.54%. EQT’s dividend payout ratio (DPR) is presently 75.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. HM Payson & Co. purchased a new position in shares of EQT during the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new position in shares of EQT during the second quarter valued at approximately $28,000. Hexagon Capital Partners LLC raised its holdings in shares of 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 worth $33,000 after buying an additional 904 shares during the period. Blue Trust Inc. boosted 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 valued at $37,000 after acquiring an additional 598 shares during the period. Finally, Wolff Wiese Magana LLC grew its position in EQT by 936.1% in 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 acquiring an additional 908 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.