EQT (NYSE:EQT) Cut to “Neutral” at Mizuho

Mizuho cut shares of EQT (NYSE:EQTFree Report) from a buy rating to a neutral rating in a research report released on Wednesday, Marketbeat reports. Mizuho currently has $39.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $46.00.

Several other research firms also recently weighed in on EQT. StockNews.com upgraded EQT to a sell rating in a research note on Tuesday. Citigroup raised shares of EQT from a neutral rating to a buy rating and set a $46.00 price target for the company in a report on Monday, December 11th. Wells Fargo & Company increased their price objective on EQT from $51.00 to $53.00 and gave the stock an overweight rating in a research report on Wednesday, November 22nd. Piper Sandler upped their target price on EQT from $45.00 to $47.00 and gave the stock an overweight rating in a research note on Thursday, March 7th. Finally, Truist Financial dropped their price target on EQT from $41.00 to $39.00 and set a hold rating for the company in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, EQT presently has a consensus rating of Hold and a consensus target price of $44.62.

Read Our Latest Report on EQT

EQT Trading Down 1.0 %

EQT stock opened at $33.44 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $39.00. EQT has a one year low of $28.37 and a one year high of $45.23. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13.

EQT (NYSE:EQTGet Free Report) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a net margin of 25.12% and a return on equity of 7.12%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts anticipate that EQT will post 2.34 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were given a $0.1575 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.88%. EQT’s payout ratio is currently 14.82%.

Hedge Funds Weigh In On EQT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQT. SCP Investment LP acquired a new stake in shares of EQT during the fourth quarter valued at approximately $681,000. Vanguard Group Inc. grew its holdings in EQT by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 46,922,862 shares of the oil and gas producer’s stock valued at $1,814,038,000 after buying an additional 2,023,222 shares during the last quarter. Wellington Management Group LLP grew its position in EQT by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 20,320,219 shares of the oil and gas producer’s stock worth $785,580,000 after buying an additional 632,625 shares in the last quarter. American International Group Inc. raised its position in EQT by 9.3% in the fourth quarter. American International Group Inc. now owns 107,443 shares of the oil and gas producer’s stock worth $4,154,000 after purchasing an additional 9,157 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in EQT in the fourth quarter valued at about $723,000. 99.44% of the stock is owned by institutional investors.

EQT Company Profile

(Get Free Report)

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.

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