EQT (NYSE:EQT) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a research note issued to investors on Friday.

EQT has been the topic of several other research reports. Morgan Stanley lifted their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their target price on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Stephens boosted their price target on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Trading Down 1.2 %

EQT stock opened at $51.03 on Friday. The company has a 50 day moving average price of $47.21 and a 200 day moving average price of $39.72. 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 $54.85. The firm has a market capitalization of $30.45 billion, a price-to-earnings ratio of 60.75, a P/E/G ratio of 0.58 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. EQT’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Research analysts forecast that EQT will post 1.4 EPS for the current year.

Insider Buying and Selling

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On EQT

A number of institutional investors have recently made changes to their positions in EQT. HM Payson & Co. bought a new position in EQT in the 3rd quarter worth approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT in the third quarter worth $30,000. Hexagon Capital Partners LLC grew its stake 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 acquiring an additional 904 shares during the last quarter. Quarry LP raised its stake in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT in the 3rd quarter valued at $36,000. 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.