EQT (NYSE:EQT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a report released on Friday.

A number of other equities analysts have also commented on the stock. Piper Sandler reduced their target price on shares of EQT from $47.00 to $43.00 and set an overweight rating on the stock in a research report on Thursday, July 25th. Morgan Stanley raised their target price on shares of EQT from $37.00 to $49.00 and gave the stock an overweight rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. raised shares of EQT from a neutral rating to an overweight rating and set a $42.00 target price on the stock in a research report on Tuesday, July 23rd. BMO Capital Markets raised their target price on shares of EQT from $40.00 to $47.00 and gave the stock an outperform rating in a research report on Monday, May 13th. Finally, Sanford C. Bernstein raised shares of EQT from an underperform rating to a market perform rating and raised their target price for the stock from $27.00 to $34.00 in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $45.50.

EQT Stock Performance

EQT stock opened at $34.07 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. EQT has a 1-year low of $32.07 and a 1-year high of $45.23. The firm has a market capitalization of $15.05 billion, a P/E ratio of 24.69 and a beta of 1.12. The company’s 50-day moving average is $38.17 and its 200 day moving average is $37.27.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company posted ($0.17) EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts forecast that EQT will post 1.41 EPS for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.63 annualized dividend and a yield of 1.85%. EQT’s dividend payout ratio (DPR) is 45.65%.

Insider Buying and Selling at EQT

In other EQT news, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the sale, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the sale, the insider now owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On EQT

Several institutional investors and hedge funds have recently made changes to their positions in EQT. Innealta Capital LLC purchased a new position in shares of EQT during the second quarter worth $28,000. Private Wealth Management Group LLC purchased a new position in shares of EQT during the fourth quarter worth $30,000. Wolff Wiese Magana LLC raised its holdings in shares of EQT by 936.1% during the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 908 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of EQT by 149.5% during the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 598 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of EQT during the fourth quarter worth $51,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.