EQT Corporation (NYSE:EQT) Given Average Rating of “Moderate Buy” by Analysts

Shares of EQT Corporation (NYSE:EQT) have been given a consensus rating of “Moderate Buy” by the twenty-five research firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $64.2609.

EQT has been the topic of several recent analyst reports. Stephens lifted their target price on EQT from $60.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Mizuho upped their price objective on shares of EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. The Goldman Sachs Group increased their target price on shares of EQT from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. UBS Group boosted their price target on shares of EQT from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Wall Street Zen upgraded shares of EQT from a “sell” rating to a “hold” rating in a report on Saturday, November 15th.

EQT Trading Up 1.2%

EQT stock opened at $50.54 on Friday. EQT has a 52-week low of $43.57 and a 52-week high of $62.23. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.30 and a beta of 0.68. The firm has a 50-day moving average price of $56.00 and a two-hundred day moving average price of $54.32.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. EQT had a return on equity of 6.88% and a net margin of 22.59%.The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 52.6% compared to the same quarter last year. Sell-side analysts expect that EQT will post 3.27 earnings per share for the current year.

Insider Activity

In other news, EVP J.E.B. Bolen sold 1,422 shares of EQT stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total transaction of $75,067.38. Following the transaction, the executive vice president directly owned 69,486 shares in the company, valued at approximately $3,668,165.94. This trade represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On EQT

A number of hedge funds and other institutional investors have recently modified their holdings of EQT. Caxton Associates LLP purchased a new stake in EQT during the first quarter valued at about $256,000. Focus Partners Wealth lifted its position in shares of EQT by 9.0% in the 1st quarter. Focus Partners Wealth now owns 21,637 shares of the oil and gas producer’s stock valued at $1,156,000 after acquiring an additional 1,789 shares in the last quarter. Essex Savings Bank acquired a new position in EQT in the 2nd quarter worth approximately $213,000. Farther Finance Advisors LLC boosted its stake in EQT by 6.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 9,076 shares of the oil and gas producer’s stock worth $529,000 after purchasing an additional 554 shares during the period. Finally, GAMMA Investing LLC grew its position in EQT by 6.1% during the 2nd quarter. GAMMA Investing LLC now owns 12,675 shares of the oil and gas producer’s stock worth $739,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.