EQT (NYSE:EQT) Price Target Raised to $38.00

EQT (NYSE:EQT) had its price target upped by Stephens from $37.00 to $38.00 in a research report report published on Wednesday, Benzinga reports. They currently have an equal weight rating on the oil and gas producer’s stock.

Several other research analysts also recently issued reports on EQT. StockNews.com raised EQT to a “sell” rating in a report on Friday, July 26th. Wolfe Research initiated coverage on EQT in a research report on Thursday, July 18th. They issued an “outperform” rating and a $51.00 price objective for the company. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 target price on the stock. Truist Financial reduced their target price on shares of EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Finally, BMO Capital Markets boosted their price target on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

EQT Trading Down 2.5 %

EQT stock opened at $35.62 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 42.41 and a beta of 1.06. The business has a fifty day moving average price of $35.24 and a 200 day moving average price of $36.60. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $45.23.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 4.08% and a net margin of 5.52%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. Analysts expect that EQT will post 1.42 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 6th. EQT’s dividend payout ratio is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. HM Payson & Co. acquired a new position in EQT during the 3rd quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in EQT during the second quarter worth $28,000. Hexagon Capital Partners LLC grew its position in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares in the last quarter. Blue Trust Inc. increased its stake in EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 598 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in EQT by 936.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares in the last quarter. 90.81% of the stock is currently 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.