EQT (EQT) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for EQT (NYSE: EQT):

• 9/13/2023 – EQT was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating.
• 9/11/2023 – EQT had its price target raised by analysts at Truist Financial Co. from $35.00 to $39.00. They now have a “hold” rating on the stock.
• 9/1/2023 – EQT had its price target raised by analysts at Wells Fargo & Company from $49.00 to $50.00. They now have an “overweight” rating on the stock.
• 8/31/2023 – EQT had its price target lowered by analysts at UBS Group AG from $51.00 to $50.00. They now have a “neutral” rating on the stock.
• 8/23/2023 – EQT had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $48.00 price target on the stock.
• 8/18/2023 – EQT had its price target raised by analysts at Morgan Stanley from $36.00 to $37.00. They now have an “overweight” rating on the stock.
• 8/17/2023 – EQT had its price target raised by analysts at UBS Group AG from $39.00 to $51.00. They now have a “neutral” rating on the stock.
• 8/17/2023 – EQT had its price target raised by analysts at Truist Financial Co. from $34.00 to $35.00. They now have a “hold” rating on the stock.
• 8/17/2023 – EQT is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/24/2023 – EQT had its price target lowered by analysts at Truist Financial Co. from $41.00 to $34.00. They now have a “hold” rating on the stock.
• 7/18/2023 – EQT had its price target lowered by analysts at Morgan Stanley from $37.00 to $36.00. They now have an “overweight” rating on the stock.

EQT Trading Down 1.9 %

Shares of NYSE EQT opened at $42.96 on Thursday. The stock has a fifty day simple moving average of $41.78 and a 200-day simple moving average of $37.02. EQT Co. has a twelve month low of $28.10 and a twelve month high of $51.97. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $15.54 billion, a PE ratio of 4.83, a PEG ratio of 1.06 and a beta of 1.22.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 25th. The oil and gas producer reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.09. EQT had a return on equity of 10.61% and a net margin of 38.44%. The business had revenue of $993.08 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s revenue was down 38.4% on a year-over-year basis. On average, equities analysts forecast that EQT Co. will post 2.04 earnings per share for the current year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.60 annualized dividend and a yield of 1.40%. EQT’s dividend payout ratio (DPR) is 6.75%.

Institutional Investors Weigh In On EQT

Institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in shares of EQT in the 2nd quarter valued at $114,020,000. California State Teachers Retirement System boosted its stake in EQT by 0.6% in the second quarter. California State Teachers Retirement System now owns 555,375 shares of the oil and gas producer’s stock valued at $22,843,000 after acquiring an additional 3,174 shares in the last quarter. Montchanin Asset Management LLC grew its holdings in shares of EQT by 2.1% during the second quarter. Montchanin Asset Management LLC now owns 14,500 shares of the oil and gas producer’s stock worth $596,000 after purchasing an additional 300 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of EQT during the second quarter worth about $62,000. Finally, GTS Securities LLC purchased a new stake in shares of EQT in the 2nd quarter valued at about $6,016,000. 99.44% of the stock is owned by hedge funds and other institutional investors.

EQT Corporation operates as a natural gas production company in the United States. As of December 31, 2022, 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 1.8 million gross acres in the Marcellus play.