EQT (NYSE:EQT) Given New $55.00 Price Target at Jefferies Financial Group

EQT (NYSE:EQT) had its target price hoisted by Jefferies Financial Group from $45.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the oil and gas producer’s stock.

Several other brokerages have also weighed in on EQT. Wells Fargo & Company lifted their price target on EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets increased their target price on EQT from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. StockNews.com raised shares of EQT to a “sell” rating in a report on Monday, December 30th. Finally, Piper Sandler increased their price objective on shares of EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.78.

EQT Trading Down 0.7 %

EQT stock opened at $47.02 on Friday. The firm has a market cap of $28.06 billion, a PE ratio of 55.98 and a beta of 1.12. EQT has a 12 month low of $30.02 and a 12 month high of $48.33. The stock’s 50 day simple moving average is $43.42 and its two-hundred day simple moving average is $37.89. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business earned $0.30 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that EQT will post 1.37 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 6th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.34%. EQT’s payout ratio is 75.00%.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at $9,038,086.64. The trade was a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by company insiders.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its position in EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after acquiring an additional 32,484 shares during the period. Retirement Systems of Alabama raised its holdings in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares during the period. FMR LLC lifted its position in EQT by 2.5% in the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after buying an additional 28,129 shares during the last quarter. Tidal Investments LLC boosted its stake in EQT by 55.8% during the third quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock worth $2,228,000 after buying an additional 21,789 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after acquiring an additional 3,582,418 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.