EQT (NYSE:EQT) Receives “Neutral” Rating from Mizuho

Mizuho reiterated their neutral rating on shares of EQT (NYSE:EQT) in a report issued on Thursday morning, Benzinga reports. They currently have a $39.00 price objective on the oil and gas producer’s stock.

A number of other equities analysts also recently weighed in on EQT. Truist Financial cut their target price on EQT from $41.00 to $39.00 and set a hold rating on the stock in a research note on Thursday, February 15th. The Goldman Sachs Group cut their target price on EQT from $48.00 to $43.00 and set a buy rating on the stock in a research note on Tuesday. StockNews.com upgraded EQT to a sell rating in a research note on Tuesday, March 12th. JPMorgan Chase & Co. restated a neutral rating and issued a $37.00 target price (down previously from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Finally, Piper Sandler boosted 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, EQT has an average rating of Hold and an average price target of $43.50.

EQT Price Performance

EQT stock opened at $36.76 on Thursday. The company has a market capitalization of $16.19 billion, a P/E ratio of 8.65 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99. EQT has a 52-week low of $30.84 and a 52-week high of $45.23. The business has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $38.30.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. Research analysts expect that EQT will post 2.42 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. EQT’s payout ratio is 14.82%.

Institutional Investors Weigh In On EQT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its holdings in EQT by 212.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock valued at $6,740,000 after acquiring an additional 118,482 shares during the period. Vanguard Group Inc. raised its holdings in EQT by 8.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock valued at $1,822,027,000 after acquiring an additional 3,539,661 shares during the period. Bank of New York Mellon Corp raised its holdings in EQT by 6.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,037,923 shares of the oil and gas producer’s stock valued at $731,979,000 after acquiring an additional 1,098,211 shares during the period. Principal Financial Group Inc. increased its holdings in shares of EQT by 5.4% in the third quarter. Principal Financial Group Inc. now owns 437,630 shares of the oil and gas producer’s stock worth $17,759,000 after purchasing an additional 22,560 shares during the period. Finally, Mariner LLC increased its holdings in shares of EQT by 196.9% in the third quarter. Mariner LLC now owns 70,828 shares of the oil and gas producer’s stock worth $2,874,000 after purchasing an additional 46,973 shares during the period. Institutional investors own 90.81% of the company’s stock.

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.