StockNews.com Upgrades EQT (NYSE:EQT) to Hold

EQT (NYSE:EQT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other equities analysts have also issued reports on the stock. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Citigroup lifted their price target on EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. Wells Fargo & Company increased their price objective on shares of EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Morgan Stanley upped their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

EQT Price Performance

Shares of EQT stock opened at $52.89 on Tuesday. The firm has a market cap of $31.60 billion, a PE ratio of 132.23, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company’s fifty day simple moving average is $51.41 and its two-hundred day simple moving average is $44.64. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities analysts expect that EQT will post 3.27 EPS for the current year.

Institutional Trading of EQT

Several hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. EverSource Wealth Advisors LLC raised its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after acquiring an additional 205 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank boosted its position in shares of EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares in the last quarter. 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.