EQT (NYSE:EQT) PT Lowered to $42.00

EQT (NYSE:EQT) had its target price reduced by Jefferies Financial Group from $50.00 to $42.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other research analysts also recently commented on the company. Truist Financial decreased their price objective on EQT from $41.00 to $39.00 and set a hold rating on the stock in a report on Thursday, February 15th. Citigroup upgraded EQT from a neutral rating to a buy rating and set a $46.00 price objective on the stock in a report on Monday, December 11th. Mizuho downgraded EQT from a buy rating to a neutral rating and decreased their price objective for the stock from $46.00 to $39.00 in a report on Wednesday, March 13th. StockNews.com upgraded EQT to a sell rating in a report on Tuesday, March 12th. Finally, Morgan Stanley lifted their price objective on EQT from $38.00 to $39.00 and gave the stock an overweight rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $43.54.

EQT Trading Up 2.8 %

Shares of EQT stock opened at $37.08 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $35.34 and a two-hundred day moving average price of $38.49. EQT has a 12-month low of $30.79 and a 12-month high of $45.23. The firm has a market cap of $16.33 billion, a P/E ratio of 8.72 and a beta of 1.13.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities analysts anticipate that EQT will post 2.38 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.63 annualized dividend and a yield of 1.70%. EQT’s payout ratio is 14.82%.

Institutional Trading of EQT

Several large investors have recently bought and sold shares of EQT. Price T Rowe Associates Inc. MD boosted its position in shares of EQT by 6.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock worth $2,044,484,000 after purchasing an additional 3,159,700 shares in the last quarter. Vanguard Group Inc. raised its stake in EQT by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 46,922,862 shares of the oil and gas producer’s stock valued at $1,814,038,000 after buying an additional 2,023,222 shares during the last quarter. Wellington Management Group LLP raised its stake in EQT by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 20,320,219 shares of the oil and gas producer’s stock valued at $785,580,000 after buying an additional 632,625 shares during the last quarter. Bank of New York Mellon Corp raised its stake in EQT by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,037,923 shares of the oil and gas producer’s stock valued at $731,979,000 after buying an additional 1,098,211 shares during the last quarter. Finally, Capital World Investors raised its stake in EQT by 1.5% during the 4th quarter. Capital World Investors now owns 17,425,711 shares of the oil and gas producer’s stock valued at $673,678,000 after buying an additional 265,297 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Company Profile

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.