TD Cowen Cuts EQT (NYSE:EQT) Price Target to $65.00

EQT (NYSE:EQT) had its target price reduced by TD Cowen from $68.00 to $65.00 in a research note published on Tuesday,MarketScreener reports. TD Cowen currently has a buy rating on the oil and gas producer’s stock.

EQT has been the subject of several other reports. Stephens lowered their target price on shares of EQT from $69.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Barclays decreased their price objective on EQT from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Wall Street Zen raised EQT from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research cut shares of EQT from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, Sanford C. Bernstein upped their price target on shares of EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $64.27.

EQT Price Performance

NYSE:EQT opened at $57.26 on Tuesday. EQT has a 12-month low of $43.57 and a 12-month high of $62.23. The firm has a market cap of $35.73 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. The company’s 50-day moving average is $54.54 and its two-hundred day moving average is $54.29. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. EQT’s dividend payout ratio (DPR) is 22.60%.

Institutional Trading of EQT

Large investors have recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of EQT during the fourth quarter worth $26,000. Aventura Private Wealth LLC acquired a new position in EQT in the 4th quarter worth $31,000. Fortitude Family Office LLC boosted its position in EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EQT during the second quarter valued at about $41,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of EQT during the fourth quarter valued at about $49,000. 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.