EQT (NYSE:EQT) Lifted to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of EQT (NYSE:EQT) from an underperform rating to a market perform rating in a research note issued to investors on Wednesday morning, Marketbeat reports. They currently have $34.00 target price on the oil and gas producer’s stock, up from their prior target price of $27.00.

Several other brokerages have also recently weighed in on EQT. Mizuho reissued a neutral rating and set a $39.00 price objective on shares of EQT in a research note on Thursday, April 4th. JPMorgan Chase & Co. reissued a neutral rating and set a $37.00 price objective (down from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Royal Bank of Canada reissued an outperform rating and set a $46.00 price objective on shares of EQT in a research note on Tuesday, March 5th. Truist Financial dropped their target price on EQT from $37.00 to $35.00 and set a hold rating for the company in a research report on Friday, April 5th. Finally, Jefferies Financial Group boosted their target price on EQT from $42.00 to $43.00 and gave the company a buy rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $44.13.

EQT Trading Down 0.6 %

Shares of EQT stock opened at $37.25 on Wednesday. EQT has a 12-month low of $30.84 and a 12-month high of $45.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $35.73 and its 200-day moving average price is $38.18. The stock has a market capitalization of $16.41 billion, a price-to-earnings ratio of 8.76 and a beta of 1.12.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. EQT had a return on equity of 7.12% and a net margin of 25.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that EQT will post 2.2 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were issued 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 1.69%. EQT’s payout ratio is 14.82%.

Institutional Trading of EQT

A number of large investors have recently modified their holdings of EQT. Private Wealth Management Group LLC purchased a new stake in shares of EQT in the fourth quarter valued at approximately $30,000. Laurel Wealth Advisors LLC purchased a new stake in EQT during the second quarter worth $33,000. BKM Wealth Management LLC purchased a new stake in EQT during the fourth quarter worth $40,000. Belpointe Asset Management LLC lifted its holdings in EQT by 270.0% during the first quarter. Belpointe Asset Management LLC now owns 1,258 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 918 shares during the period. Finally, Tyler Stone Wealth Management purchased a new stake in EQT during the second quarter worth $40,000. Hedge funds and other 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.