Analysts Set EQT Co. (NYSE:EQT) Target Price at $54.50

EQT Co. (NYSE:EQT) has earned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $55.11.

EQT has been the subject of a number of recent research reports. Citigroup raised their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Jefferies Financial Group raised their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $48.00 to $57.00 in a research report on Monday, December 16th. Wells Fargo & Company lifted their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th.

Institutional Trading of EQT

Institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 193 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Wilmington Savings Fund Society FSB boosted its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after purchasing an additional 223 shares during the period. Huntington National Bank boosted its position in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Up 1.4 %

EQT stock opened at $53.07 on Monday. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The firm has a market capitalization of $31.71 billion, a price-to-earnings ratio of 132.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The stock’s fifty day moving average is $51.38 and its two-hundred day moving average is $45.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. EQT’s dividend payout ratio (DPR) is 157.50%.

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.