EQT Co. (NYSE:EQT) Receives $55.94 Consensus Target Price from Brokerages

EQT Co. (NYSE:EQT) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.67.

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of EQT from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Citigroup boosted their target price on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Wells Fargo & Company upped their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, March 19th. StockNews.com lowered shares of EQT from a “hold” rating to a “sell” rating in a research note on Monday, April 7th. Finally, UBS Group upgraded shares of EQT from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $64.00 in a research report on Monday, May 5th.

EQT Stock Performance

EQT stock opened at $55.50 on Tuesday. EQT has a 12-month low of $30.02 and a 12-month high of $57.04. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $51.71 and its two-hundred day moving average price is $49.04. The stock has a market cap of $33.22 billion, a PE ratio of 138.75, a P/E/G ratio of 0.64 and a beta of 0.59.

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

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.14%. EQT’s payout ratio is 110.53%.

Institutional Trading of EQT

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in EQT by 2.1% during the first quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer’s stock valued at $3,955,922,000 after buying an additional 1,509,054 shares during the period. Geode Capital Management LLC boosted its position in EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after purchasing an additional 429,733 shares during the period. Capital International Investors boosted its position in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the period. Clearbridge Investments LLC boosted its position in EQT by 14.7% during the fourth 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 worth $606,059,000 after purchasing 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.