EQT (NYSE:EQT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EQT (NYSE:EQT) from a sell rating to a hold rating in a report released on Saturday.

Several other equities analysts have also recently commented on the company. BMO Capital Markets upped their price target on EQT from $60.00 to $65.00 in a report on Tuesday, November 11th. Siebert Williams Shank lowered their price objective on EQT from $62.00 to $59.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Citigroup upped their target price on EQT from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Roth Capital downgraded shares of EQT from a “strong-buy” rating to a “neutral” rating and decreased their price target for the stock from $75.00 to $57.00 in a research note on Monday, August 18th. Finally, Wells Fargo & Company lowered their price target on shares of EQT from $68.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Eighteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.74.

EQT Stock Performance

Shares of NYSE EQT opened at $59.04 on Friday. EQT has a 12 month low of $42.27 and a 12 month high of $61.26. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29. The company has a market cap of $36.85 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.44 and a beta of 0.55. The business’s 50 day moving average is $54.35 and its two-hundred day moving average is $54.54.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. EQT had a net margin of 22.59% and a return on equity of 6.88%. EQT’s revenue was up 52.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, equities analysts expect that EQT will post 3.27 EPS for the current year.

EQT Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 5th will be paid a dividend of $0.165 per share. This is an increase from EQT’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, November 5th. EQT’s dividend payout ratio is currently 22.60%.

Insider Activity

In other news, EVP J.E.B. Bolen sold 1,422 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $52.79, for a total value of $75,067.38. Following the sale, the executive vice president owned 69,486 shares in the company, valued at approximately $3,668,165.94. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On EQT

Institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in shares of EQT by 85.9% during the first quarter. Cerity Partners LLC now owns 64,224 shares of the oil and gas producer’s stock worth $3,432,000 after buying an additional 29,685 shares in the last quarter. CWM LLC grew its position in EQT by 194.9% during the 1st quarter. CWM LLC now owns 41,368 shares of the oil and gas producer’s stock worth $2,210,000 after acquiring an additional 27,342 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in EQT by 18.0% during the 1st quarter. Apollon Wealth Management LLC now owns 7,732 shares of the oil and gas producer’s stock valued at $413,000 after purchasing an additional 1,179 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in EQT by 23.0% during the 1st quarter. Wealthfront Advisers LLC now owns 43,591 shares of the oil and gas producer’s stock valued at $2,329,000 after purchasing an additional 8,147 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in EQT by 14.1% in the 1st quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer’s stock valued at $85,000 after purchasing an additional 196 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

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.