EQT Corporation (NYSE:EQT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

EQT Corporation (NYSE:EQT) has earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $60.7143.

A number of equities research analysts have weighed in on EQT shares. Wells Fargo & Company boosted their price objective on EQT from $59.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, June 16th. UBS Group increased their price target on shares of EQT from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank raised their price objective on shares of EQT from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada upped their target price on shares of EQT from $55.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 8th. Finally, Melius Research started coverage on EQT in a report on Wednesday. They set a “buy” rating and a $64.00 price target on the stock.

EQT Stock Performance

NYSE EQT opened at $51.2750 on Thursday. The company has a fifty day moving average of $55.08 and a two-hundred day moving average of $53.13. The company has a market capitalization of $32.00 billion, a PE ratio of 27.72, a P/E/G ratio of 0.37 and a beta of 0.59. EQT has a 1 year low of $31.45 and a 1 year high of $61.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.24%. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, analysts expect that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.2%. EQT’s dividend payout ratio (DPR) is currently 34.05%.

Insiders Place Their Bets

In other EQT news, Director Vicky A. Bailey sold 4,259 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total transaction of $219,594.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Fenton sold 12,438 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, the executive vice president directly owned 13,297 shares in the company, valued at $690,646.18. This represents a 48.33% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On EQT

Several institutional investors and hedge funds have recently made changes to their positions in EQT. Zions Bancorporation National Association UT acquired a new position in EQT during the first quarter worth about $35,000. Harbour Investments Inc. increased its stake in shares of EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 226 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EQT during the 2nd quarter worth approximately $41,000. University of Texas Texas AM Investment Management Co. raised its position in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after purchasing an additional 310 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its stake in EQT by 133.3% in the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 500 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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.