EQT (NYSE:EQT) Price Target Raised to $55.00

EQT (NYSE:EQT) had its price target hoisted by Jefferies Financial Group from $45.00 to $55.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.

Several other brokerages have also recently issued reports on EQT. StockNews.com raised EQT to a “sell” rating in a research note on Monday, December 30th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and raised their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Piper Sandler upped their price objective on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Stephens raised their target price 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. Finally, JPMorgan Chase & Co. upped their price target on shares of EQT from $50.00 to $53.00 and gave the stock an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

EQT Stock Down 0.7 %

NYSE:EQT opened at $47.02 on Friday. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 55.98 and a beta of 1.12. EQT has a twelve month low of $30.02 and a twelve month high of $48.33. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $43.42 and a 200-day simple moving average of $37.89.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $1.28 billion during 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 firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Analysts anticipate that EQT will post 1.37 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. EQT’s dividend payout ratio (DPR) is currently 75.00%.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EQT

A number of large investors have recently made changes to their positions in the stock. HM Payson & Co. acquired a new stake in EQT during the 3rd quarter worth about $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT during the third quarter worth about $30,000. Quarry LP boosted 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 valued at $33,000 after buying an additional 578 shares during the last quarter. Hexagon Capital Partners LLC raised its position in EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 904 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in EQT during the 3rd quarter valued at approximately $36,000. 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.