EQT (NYSE:EQT) Upgraded at StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a report released on Friday.

EQT has been the topic of a number of other reports. Bank of America started coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective on the stock. Scotiabank cut shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. UBS Group raised their price objective on shares of EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Citigroup boosted their target price on shares of EQT from $44.00 to $51.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Truist Financial raised their price target on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.94.

EQT Stock Performance

Shares of EQT opened at $51.03 on Friday. EQT has a 1 year low of $30.02 and a 1 year high of $54.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The stock’s fifty day moving average price is $47.32 and its two-hundred day moving average price is $39.84. The firm has a market cap of $30.45 billion, a PE ratio of 60.75, a PEG ratio of 0.58 and a beta of 1.12.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the transaction, the director now owns 201,608 shares of the company’s stock, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EQT

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC lifted its position in EQT by 86.3% in the 4th quarter. Global Retirement Partners LLC now owns 2,696 shares of the oil and gas producer’s stock worth $124,000 after buying an additional 1,249 shares during the last quarter. Callahan Advisors LLC raised its stake in shares of EQT by 2.0% during the fourth quarter. Callahan Advisors LLC now owns 335,946 shares of the oil and gas producer’s stock worth $15,490,000 after acquiring an additional 6,744 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of EQT by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after acquiring an additional 762 shares during the last quarter. Truist Financial Corp boosted its stake in shares of EQT by 18.0% in the 4th quarter. Truist Financial Corp now owns 28,638 shares of the oil and gas producer’s stock valued at $1,321,000 after purchasing an additional 4,375 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of EQT by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 90,492 shares of the oil and gas producer’s stock valued at $4,173,000 after purchasing an additional 4,139 shares during 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.