Analysts Set EQT Co. (NYSE:EQT) PT at $59.88

Shares of EQT Co. (NYSE:EQTGet Rating) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.88.

A number of equities research analysts have commented on EQT shares. PETERS & COMPAN reissued a “sector perform” rating on shares of EQT in a research note on Friday, September 23rd. Mizuho raised their price objective on EQT from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, October 24th. Citigroup raised their price objective on EQT from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, September 21st. BMO Capital Markets raised EQT from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $50.00 to $65.00 in a research report on Monday, September 19th. Finally, Piper Sandler lifted their target price on EQT from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, November 17th.

Insider Buying and Selling

In other EQT news, EVP William E. Jordan sold 98,783 shares of the business’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $41.55, for a total value of $4,104,433.65. Following the sale, the executive vice president now directly owns 297,787 shares in the company, valued at $12,373,049.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of EQT

Several hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of EQT during the 3rd quarter valued at $28,000. Exos TFP Holdings LLC bought a new stake in shares of EQT during the 3rd quarter valued at $29,000. Steward Partners Investment Advisory LLC bought a new stake in shares of EQT during the 1st quarter valued at $31,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of EQT during the 2nd quarter valued at $32,000. Finally, Clearstead Advisors LLC bought a new stake in shares of EQT during the 3rd quarter valued at $41,000. 95.63% of the stock is currently owned by institutional investors.

EQT Trading Down 0.5 %

NYSE EQT opened at $43.56 on Friday. The business has a 50 day simple moving average of $42.10 and a 200 day simple moving average of $42.54. EQT has a one year low of $17.95 and a one year high of $51.97. The stock has a market capitalization of $15.99 billion, a P/E ratio of 9.64, a P/E/G ratio of 0.18 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.59 and a quick ratio of 0.59.

EQT (NYSE:EQTGet Rating) last released its earnings results on Wednesday, October 26th. The oil and gas producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.74 billion. Research analysts expect that EQT will post 4.25 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. EQT’s dividend payout ratio (DPR) is currently 13.27%.

About EQT

(Get Rating)

EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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Analyst Recommendations for EQT (NYSE:EQT)

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