Brokerages Set EQT Co. (NYSE:EQT) PT at $55.56

EQT Co. (NYSE:EQT) has been given a consensus rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $55.50.

Several research analysts have issued reports on EQT shares. JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Truist Financial upped their price objective on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd.

EQT Stock Up 1.7 %

EQT opened at $48.49 on Friday. The stock has a market capitalization of $28.97 billion, a P/E ratio of 121.23, 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 quick ratio of 0.51 and a current ratio of 0.70. EQT has a one year low of $30.02 and a one year high of $56.66. The business’s 50-day simple moving average is $50.56 and its 200-day simple moving average is $46.83.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts anticipate that EQT will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Wednesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Institutional Investors Weigh In On EQT

A number of large investors have recently bought and sold shares of EQT. Parkside Financial Bank & Trust increased its position in EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 193 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the last quarter. Generali Investments Management Co LLC lifted its stake in shares of EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer’s stock valued at $91,000 after buying an additional 211 shares during the period. Wilmington Savings Fund Society FSB boosted its position in EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 223 shares during the last quarter. Finally, Huntington National Bank grew its stake in EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after acquiring an additional 224 shares during the period. Institutional investors and hedge funds 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.