EQT (NYSE:EQT) Earns Hold Rating from Analysts at TD Cowen

TD Cowen started coverage on shares of EQT (NYSE:EQT) in a research report report published on Friday, MarketBeat.com reports. The brokerage issued a hold rating and a $43.00 price objective on the oil and gas producer’s stock.

EQT has been the topic of a number of other reports. Sanford C. Bernstein upgraded shares of EQT from an underperform rating to a market perform rating and boosted their price target for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. Scotiabank upgraded shares of EQT from a sector perform rating to a sector outperform rating and boosted their price target for the company from $40.00 to $52.00 in a research report on Thursday, April 11th. Morgan Stanley boosted their price target on shares of EQT from $37.00 to $49.00 and gave the company an overweight rating in a research report on Wednesday. Truist Financial reduced their price target on shares of EQT from $37.00 to $35.00 and set a hold rating on the stock in a research report on Friday, April 5th. Finally, Royal Bank of Canada restated an outperform rating and issued a $46.00 price target on shares of EQT in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, EQT currently has a consensus rating of Hold and a consensus target price of $43.38.

EQT Stock Performance

NYSE EQT opened at $36.65 on Friday. The stock has a market cap of $16.14 billion, a P/E ratio of 8.62 and a beta of 1.12. The company’s 50-day simple moving average is $35.92 and its 200 day simple moving average is $38.06. EQT has a twelve month low of $30.84 and a twelve month high of $45.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a net margin of 25.12% and a return on equity of 7.12%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts forecast that EQT will post 1.34 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Wednesday, May 8th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is 14.82%.

Institutional Investors Weigh In On EQT

Several large investors have recently bought and sold shares of EQT. Private Wealth Management Group LLC bought a new stake in EQT in the fourth quarter valued at approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in EQT in the second quarter valued at approximately $33,000. BKM Wealth Management LLC bought a new stake in EQT in the fourth quarter valued at approximately $40,000. Belpointe Asset Management LLC increased its stake in EQT by 270.0% in the first quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 918 shares in the last quarter. Finally, Tyler Stone Wealth Management bought a new stake in EQT in the second quarter valued at approximately $40,000. Institutional investors own 90.81% of the company’s stock.

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.