EQT (NYSE:EQT) Upgraded to “Hold” at StockNews.com

EQT (NYSE:EQT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities research analysts also recently commented on EQT. Truist Financial boosted their target price on EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 target price on shares of EQT in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.50.

EQT Trading Down 2.5 %

EQT stock opened at $52.89 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT has a 1-year low of $30.02 and a 1-year high of $56.66. The business has a 50 day simple moving average of $51.41 and a two-hundred day simple moving average of $44.64. The company has a market capitalization of $31.60 billion, a price-to-earnings ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On EQT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in EQT during the 3rd quarter worth about $30,000. Quarry LP boosted its stake in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in EQT during the third quarter valued at approximately $36,000. Financial Avengers Inc. raised its stake in EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. lifted its holdings in EQT by 47.7% during the fourth 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 buying an additional 310 shares during the period. Institutional investors own 90.81% of the company’s stock.

About EQT

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.