UBS Group Has Lowered Expectations for EQT (NYSE:EQT) Stock Price

EQT (NYSE:EQT) had its price target decreased by analysts at UBS Group from $58.00 to $55.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s target price points to a potential upside of 16.80% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. StockNews.com upgraded EQT from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Stephens raised EQT from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $41.00 to $59.00 in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.11.

EQT Trading Up 2.1 %

Shares of EQT stock traded up $0.98 during trading on Monday, hitting $47.09. The company’s stock had a trading volume of 9,930,277 shares, compared to its average volume of 7,638,574. The stock has a 50-day moving average price of $51.25 and a two-hundred day moving average price of $45.68. EQT has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of 117.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Equities research analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On EQT

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after buying an additional 358,649 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock valued at $663,552,000 after purchasing an additional 429,733 shares in the last quarter. Capital International Investors grew its holdings in shares of EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock valued at $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC raised its position in EQT by 14.7% in the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock worth $637,698,000 after purchasing an additional 1,774,696 shares during the period. Finally, Invesco Ltd. boosted its position in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock valued at $606,059,000 after buying an additional 4,162,065 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.