EQT Co. (NYSE:EQT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

EQT Co. (NYSE:EQT) has been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $55.11.

A number of analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $67.00 price objective (up from $63.00) on shares of EQT in a research report on Wednesday. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target for the company in a report on Wednesday, January 15th. UBS Group increased their price objective on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th.

EQT Trading Up 1.4 %

Shares of EQT stock opened at $53.07 on Monday. The stock has a market cap of $31.71 billion, a PE ratio of 132.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The firm has a fifty day moving average price of $51.38 and a 200 day moving average price of $45.02. EQT has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts predict that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.1575 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. EQT’s dividend payout ratio (DPR) is 157.50%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EQT. Truvestments Capital LLC purchased a new position in shares of EQT during the 3rd quarter worth approximately $30,000. Quarry LP raised its position in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in EQT in the third quarter valued at $36,000. Financial Avengers Inc. lifted its holdings in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 504 shares during the period. Finally, University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 310 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.