EQT Corporation (NYSE:EQT) Given Consensus Recommendation of “Moderate Buy” by Analysts

EQT Corporation (NYSE:EQT) has earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nineteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $64.2727.

Several research firms recently commented on EQT. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research report on Sunday, January 18th. Citigroup dropped their price target on shares of EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price objective on shares of EQT from $64.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Siebert Williams Shank lifted their target price on shares of EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 26th.

Institutional Investors Weigh In On EQT

Large investors have recently made changes to their positions in the company. Sound Shore Management Inc CT bought a new position in shares of EQT in the 2nd quarter worth approximately $67,539,000. Reaves W H & Co. Inc. raised its position in EQT by 213.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer’s stock worth $56,021,000 after acquiring an additional 700,732 shares during the period. SG Americas Securities LLC boosted its stake in shares of EQT by 1,286.2% during the 2nd quarter. SG Americas Securities LLC now owns 735,936 shares of the oil and gas producer’s stock worth $42,920,000 after acquiring an additional 682,844 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of EQT by 116.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after acquiring an additional 287,538 shares during the period. Finally, KTF Investments LLC bought a new stake in shares of EQT during the 4th quarter valued at $8,885,000. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

Shares of EQT opened at $58.72 on Thursday. EQT has a twelve month low of $43.57 and a twelve month high of $62.23. The company has a market capitalization of $36.64 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. The firm has a 50 day moving average of $54.50 and a 200 day moving average of $54.38. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, February 17th. EQT’s dividend payout ratio is 22.60%.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.