EQT Corporation (NYSE:EQT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EQT Corporation (NYSE:EQT) has received a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seventeen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $63.50.

EQT has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of EQT in a research note on Tuesday. Wolfe Research boosted their price target on EQT from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. UBS Group boosted their price target on EQT from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. BMO Capital Markets dropped their price target on EQT from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. Finally, Melius Research initiated coverage on EQT in a research note on Wednesday, August 20th. They set a “buy” rating and a $64.00 price target on the stock.

EQT Price Performance

EQT opened at $53.30 on Friday. EQT has a 1 year low of $35.44 and a 1 year high of $61.02. The firm has a market capitalization of $33.26 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 0.45 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. The business’s 50-day moving average is $52.33 and its two-hundred day moving average is $53.50.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%.The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the firm posted ($0.08) EPS. Research analysts anticipate that EQT will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at EQT

In related news, Director Vicky A. Bailey sold 4,259 shares of EQT stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total transaction of $219,594.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of EQT stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.94, for a total value of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company’s stock, valued at $690,646.18. This trade represents a 48.33% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EQT. Nuveen LLC acquired a new position in shares of EQT during the 1st quarter worth approximately $120,252,000. Vanguard Group Inc. raised its stake in shares of EQT by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer’s stock worth $3,955,922,000 after buying an additional 1,509,054 shares during the period. Sound Shore Management Inc CT acquired a new position in shares of EQT during the 2nd quarter worth approximately $67,539,000. Ninepoint Partners LP raised its stake in shares of EQT by 200.0% during the 1st quarter. Ninepoint Partners LP now owns 1,500,000 shares of the oil and gas producer’s stock worth $80,145,000 after buying an additional 1,000,000 shares during the period. Finally, Situational Awareness LP acquired a new position in shares of EQT during the 1st quarter worth approximately $52,864,000. 90.81% of the stock is owned by institutional investors and hedge funds.

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.