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

EQT Co. (NYSE:EQTGet Rating) has been assigned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.44.

Several equities analysts recently issued reports on EQT shares. Jefferies Financial Group started coverage on EQT in a research note on Wednesday, October 19th. They set a “buy” rating and a $57.00 price objective on the stock. StockNews.com started coverage on EQT in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. TD Securities reduced their price objective on EQT from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, October 28th. Citigroup cut EQT from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $60.00 to $40.00 in a research note on Wednesday, December 7th. Finally, Mizuho raised their price objective on EQT from $59.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, October 24th.

EQT Stock Up 3.9 %

EQT stock opened at $33.34 on Friday. EQT has a twelve month low of $19.20 and a twelve month high of $51.97. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $12.24 billion, a P/E ratio of 7.38, a PEG ratio of 0.06 and a beta of 1.21. The firm has a 50 day simple moving average of $38.78 and a 200-day simple moving average of $41.09.

EQT (NYSE:EQTGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The oil and gas producer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.05. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.74 billion. On average, equities research analysts predict that EQT will post 4.04 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, November 8th. EQT’s dividend payout ratio (DPR) is 13.27%.

Insider Activity

In related news, EVP William E. Jordan sold 98,783 shares of EQT stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $41.51, for a total transaction of $4,100,482.33. Following the transaction, the executive vice president now directly owns 297,787 shares of the company’s stock, valued at $12,361,138.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in EQT by 19.8% during the third quarter. Vanguard Group Inc. now owns 38,038,225 shares of the oil and gas producer’s stock worth $1,550,057,000 after acquiring an additional 6,293,070 shares during the period. Capital World Investors purchased a new position in EQT in the 1st quarter worth about $497,156,000. Clearbridge Investments LLC increased its stake in EQT by 66.1% in the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock worth $382,493,000 after purchasing an additional 4,423,003 shares in the last quarter. Third Point LLC increased its stake in EQT by 79.9% in the 1st quarter. Third Point LLC now owns 8,950,000 shares of the oil and gas producer’s stock worth $307,970,000 after purchasing an additional 3,975,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in EQT by 6,029.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock worth $221,059,000 after purchasing an additional 6,319,457 shares in the last quarter. 97.60% of the stock is owned by institutional investors and hedge funds.

About EQT

(Get Rating)

EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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Analyst Recommendations for EQT (NYSE:EQT)

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