EQT (NYSE:EQT) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of EQT (NYSE:EQT) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat reports. The firm currently has $64.00 price target on the oil and gas producer’s stock, up from their previous price target of $54.00.

EQT has been the subject of a number of other reports. Piper Sandler decreased their target price on EQT from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. Wells Fargo & Company boosted their target price on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

EQT Stock Up 0.9 %

Shares of NYSE:EQT opened at $53.95 on Monday. EQT has a 12 month low of $30.02 and a 12 month high of $56.66. The firm has a market cap of $32.30 billion, a P/E ratio of 134.89, a P/E/G ratio of 0.64 and a beta of 0.59. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $50.62 and its two-hundred day moving average price is $47.85.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, research analysts forecast that EQT will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s dividend payout ratio (DPR) is currently 110.53%.

Institutional Trading of EQT

Institutional investors and hedge funds have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. lifted its stake in shares of EQT by 47.7% in 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 acquiring an additional 310 shares during the period. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. Stonebridge Financial Group LLC acquired a new position in EQT in the fourth quarter valued at $55,000. Finally, First Horizon Advisors Inc. boosted its position in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 298 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.