Analysts Set EQT Co. (NYSE:EQT) Price Target at $55.56

Shares of EQT Co. (NYSE:EQT) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $55.56.

A number of research analysts have recently commented on EQT shares. Truist Financial upped their price target on EQT from $41.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, January 13th. UBS Group lowered their price target on shares of EQT from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Cowen raised shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, April 8th. Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Sanford C. Bernstein upgraded EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research note on Wednesday, January 15th.

Institutional Trading of EQT

Several hedge funds have recently added to or reduced their stakes in EQT. Vanguard Group Inc. increased its holdings in shares of EQT by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after buying an additional 358,649 shares during the period. Geode Capital Management LLC grew its position in EQT by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock worth $663,552,000 after acquiring an additional 429,733 shares during the last quarter. Capital International Investors increased its stake in EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer’s stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the period. Clearbridge Investments LLC boosted its stake in shares of EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock valued at $637,698,000 after purchasing an additional 1,774,696 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of EQT by 46.3% in the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer’s stock worth $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Stock Up 0.3 %

Shares of NYSE:EQT opened at $51.01 on Friday. The company has a market capitalization of $30.47 billion, a PE ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT has a 1 year low of $30.02 and a 1 year high of $56.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The business has a fifty day moving average price of $50.75 and a two-hundred day moving average price of $46.74.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts forecast that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.24%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.