Royal Bank of Canada set a $53.00 target price on EQT (NYSE:EQT) in a research note published on Saturday. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets lowered shares of EQT from an outperform rating to a market perform rating and lowered their target price for the stock from $55.00 to $40.00 in a research note on Friday. TheStreet raised shares of EQT from a d+ rating to a c- rating in a research note on Monday, July 23rd. ValuEngine lowered shares of EQT from a sell rating to a strong sell rating in a research note on Wednesday, July 4th. Wells Fargo & Co reaffirmed a market weight rating and set a $63.00 target price on shares of EQT in a research note on Wednesday. Finally, LADENBURG THALM/SH SH set a $70.00 target price on shares of EQT and gave the stock a buy rating in a research note on Friday, August 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $58.77.

Shares of EQT traded down $2.79 during mid-day trading on Friday, reaching $32.55. The stock had a trading volume of 11,731,742 shares, compared to its average volume of 3,329,675. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. EQT has a 52-week low of $32.39 and a 52-week high of $66.03. The firm has a market capitalization of $8.59 billion, a P/E ratio of 22.14, a P/E/G ratio of 0.95 and a beta of 0.60.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. EQT had a negative net margin of 6.86% and a positive return on equity of 3.71%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Equities research analysts predict that EQT will post 2.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Friday, November 9th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. EQT’s dividend payout ratio is presently 8.16%.

In other EQT news, Director Kenneth Michael Burke purchased 5,000 shares of EQT stock in a transaction dated Thursday, August 9th. The shares were acquired at an average price of $50.20 per share, with a total value of $251,000.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $251,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB lifted its position in shares of EQT by 3.3% during the second quarter. Xact Kapitalforvaltning AB now owns 28,774 shares of the oil and gas producer’s stock worth $1,588,000 after purchasing an additional 919 shares in the last quarter. OLD National Bancorp IN raised its holdings in EQT by 17.5% in the second quarter. OLD National Bancorp IN now owns 6,472 shares of the oil and gas producer’s stock valued at $357,000 after acquiring an additional 966 shares in the last quarter. Securian Asset Management Inc raised its holdings in EQT by 4.2% in the second quarter. Securian Asset Management Inc now owns 25,390 shares of the oil and gas producer’s stock valued at $1,401,000 after acquiring an additional 1,025 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in EQT by 3.6% in the second quarter. Mutual of America Capital Management LLC now owns 32,521 shares of the oil and gas producer’s stock valued at $1,795,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in EQT by 12.5% in the third quarter. Raymond James Trust N.A. now owns 10,679 shares of the oil and gas producer’s stock valued at $472,000 after acquiring an additional 1,190 shares in the last quarter. 92.34% of the stock is currently owned by institutional investors and hedge funds.

About EQT

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

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Analyst Recommendations for EQT (NYSE:EQT)

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