EQT Co. (NYSE:EQT) Given Consensus Recommendation of “Moderate Buy” by Analysts

EQT Co. (NYSE:EQT) has received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $47.83.

EQT has been the subject of several research analyst reports. Piper Sandler upped their price objective on EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 4th. BMO Capital Markets raised their price objective on shares of EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Truist Financial lifted their price objective on shares of EQT from $32.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Bank of America started coverage on shares of EQT in a research note on Monday, October 28th. They set a “buy” rating and a $50.00 target price for the company. Finally, Citigroup upped their price target on EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th.

EQT Stock Performance

Shares of EQT opened at $48.99 on Wednesday. EQT has a 52-week low of $30.02 and a 52-week high of $50.03. The firm has a market capitalization of $29.23 billion, a PE ratio of 58.32 and a beta of 1.12. The firm has a 50-day moving average price of $44.56 and a 200 day moving average price of $38.27. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. On average, sell-side analysts anticipate that EQT will post 1.37 earnings per share for the current fiscal year.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQT. Wellington Management Group LLP lifted its holdings in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after buying an additional 20,700,921 shares during the last quarter. Modera Wealth Management LLC bought a new position in EQT during the third quarter valued at approximately $562,494,000. State Street Corp lifted its stake in 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 valued at $1,359,183,000 after acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC grew its position in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of EQT during the 3rd quarter worth $97,979,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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.