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

Shares of EQT Corporation (NYSE:EQTGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $68.6667.

Several equities research analysts have issued reports on EQT shares. JPMorgan Chase & Co. raised their target price on EQT from $68.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 17th. Morgan Stanley raised their target price on EQT from $69.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. TD Cowen raised their target price on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Jefferies Financial Group reissued a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Finally, Sanford C. Bernstein raised their target price on EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th.

View Our Latest Research Report on EQT

EQT Price Performance

NYSE:EQT opened at $59.46 on Friday. EQT has a one year low of $46.84 and a one year high of $68.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $37.15 billion, a PE ratio of 17.96, a P/E/G ratio of 1.13 and a beta of 0.70. The stock has a 50 day moving average price of $60.82 and a 200 day moving average price of $57.20.

EQT (NYSE:EQTGet Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, beating the consensus estimate of $0.76 by $0.14. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. Equities research analysts expect that EQT will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.66 annualized dividend and a yield of 1.1%. EQT’s dividend payout ratio (DPR) is 19.94%.

Insiders Place Their Bets

In other EQT news, CAO Todd James sold 32,514 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the completion of the sale, the chief accounting officer owned 58,796 shares of the company’s stock, valued at $3,593,611.52. This trade represents a 35.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lesley Evancho sold 20,000 shares of EQT stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total value of $1,213,800.00. Following the completion of the sale, the insider directly owned 184,607 shares of the company’s stock, valued at $11,203,798.83. The trade was a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,158 shares of company stock valued at $3,742,983 over the last quarter. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On EQT

Institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in shares of EQT by 8,000.9% in the third quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock valued at $8,351,000 after buying an additional 151,537 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of EQT by 116.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after buying an additional 287,538 shares in the last quarter. First American Bank acquired a new stake in shares of EQT in the third quarter valued at $1,915,000. Adams Natural Resources Fund Inc. grew its stake in shares of EQT by 97.1% in the third quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer’s stock valued at $12,002,000 after buying an additional 108,600 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan boosted its holdings in EQT by 131.7% in the third quarter. Canada Post Corp Registered Pension Plan now owns 87,629 shares of the oil and gas producer’s stock valued at $4,772,000 after purchasing an additional 49,803 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting EQT

Here are the key news stories impacting EQT this week:

About EQT

(Get Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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Analyst Recommendations for EQT (NYSE:EQT)

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