EQT (NYSE:EQT) Price Target Raised to $54.00 at UBS Group

EQT (NYSE:EQT) had its target price lifted by UBS Group from $49.00 to $54.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas producer’s stock.

EQT has been the subject of a number of other reports. Piper Sandler lifted their price target on shares of EQT from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on shares of EQT from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They issued a “buy” rating and a $50.00 price target for the company. Citigroup boosted their price objective on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Stephens boosted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

EQT Stock Up 1.0 %

NYSE EQT opened at $52.90 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 1-year low of $30.02 and a 1-year high of $54.85. The company has a 50 day moving average of $48.47 and a 200-day moving average of $40.81. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 62.97, a PEG ratio of 0.62 and a beta of 1.08.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT’s payout ratio is presently 75.00%.

Insiders Place Their Bets

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of EQT by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after purchasing an additional 358,649 shares during the last quarter. State Street Corp grew its stake in shares of EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock worth $1,359,183,000 after purchasing an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC bought a new stake in shares of EQT in the third quarter worth $562,494,000. Finally, Geode Capital Management LLC grew its stake in shares of EQT by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after purchasing an additional 429,733 shares during the last quarter. 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.