EQT (NYSE:EQT) PT Raised to $43.00 at Mizuho

EQT (NYSE:EQT) had its target price upped by Mizuho from $40.00 to $43.00 in a report released on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas producer’s stock.

Several other research firms have also recently issued reports on EQT. Jefferies Financial Group increased their target price on EQT from $42.00 to $43.00 and gave the stock a buy rating in a research report on Friday, April 5th. Piper Sandler cut their target price on EQT from $47.00 to $41.00 and set an overweight rating for the company in a research report on Friday, April 19th. Sanford C. Bernstein upgraded EQT from an underperform rating to a market perform rating and increased their target price for the stock from $27.00 to $34.00 in a research report on Wednesday, April 10th. TD Cowen started coverage on EQT in a report on Friday, April 19th. They set a hold rating and a $43.00 price target for the company. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and issued a $37.00 price objective (down previously from $39.00) on shares of EQT in a research note on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $44.25.

EQT Stock Up 0.5 %

NYSE EQT opened at $40.61 on Friday. The stock’s 50-day moving average price is $36.43 and its 200-day moving average price is $37.91. The company has a quick ratio of 0.99, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. EQT has a 52 week low of $30.84 and a 52 week high of $45.23. The company has a market capitalization of $17.93 billion, a P/E ratio of 29.43 and a beta of 1.12.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, equities research analysts predict that EQT will post 1.01 earnings per share for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Tuesday, May 7th. EQT’s dividend payout ratio is currently 45.65%.

Hedge Funds Weigh In On EQT

Several large investors have recently modified their holdings of EQT. Wellington Management Group LLP increased its position in shares of EQT by 61.9% during the 3rd quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock valued at $798,923,000 after purchasing an additional 7,526,875 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in EQT by 27.9% during the 1st quarter. Bank of New York Mellon Corp now owns 19,883,694 shares of the oil and gas producer’s stock valued at $737,089,000 after acquiring an additional 4,339,407 shares during the period. Vanguard Group Inc. boosted 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. Price T Rowe Associates Inc. MD boosted its holdings in EQT by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock valued at $2,044,484,000 after acquiring an additional 3,159,700 shares during the period. Finally, Boston Partners boosted its holdings in EQT by 4,680.4% during the 4th quarter. Boston Partners now owns 2,868,030 shares of the oil and gas producer’s stock valued at $110,854,000 after acquiring an additional 2,808,034 shares during the period. Institutional investors own 90.81% of the company’s stock.

About EQT

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.