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

EQT Corporation (NYSE:EQT) has been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $66.0909.

EQT has been the topic of a number of research reports. Zacks Research raised shares of EQT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Siebert Williams Shank lifted their price objective on shares of EQT from $59.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 26th. TD Cowen raised their price objective on shares of EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Mizuho lifted their price target on shares of EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, BMO Capital Markets boosted their price target on shares of EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd.

Insider Buying and Selling

In other news, EVP Sarah Fenton sold 3,768 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $60.37, for a total value of $227,474.16. Following the completion of the sale, the executive vice president directly owned 52,806 shares of the company’s stock, valued at $3,187,898.22. This trade represents a 6.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total value of $1,213,800.00. Following the completion of the transaction, the insider owned 184,607 shares of the company’s stock, valued at approximately $11,203,798.83. This represents a 9.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 56,282 shares of company stock worth $3,428,530. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of EQT

Institutional investors and hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its holdings in EQT by 104.4% in the fourth quarter. Captrust Financial Advisors now owns 40,787 shares of the oil and gas producer’s stock valued at $2,186,000 after acquiring an additional 20,828 shares in the last quarter. Adalta Capital Management LLC raised its stake in shares of EQT by 23.2% during the fourth quarter. Adalta Capital Management LLC now owns 13,920 shares of the oil and gas producer’s stock valued at $746,000 after purchasing an additional 2,620 shares in the last quarter. Adams Natural Resources Fund Inc. raised its stake in shares of EQT by 19.1% in the 4th quarter. Adams Natural Resources Fund Inc. now owns 262,600 shares of the oil and gas producer’s stock worth $14,075,000 after buying an additional 42,100 shares in the last quarter. Beck Capital Management LLC lifted its holdings in EQT by 0.7% in the 4th quarter. Beck Capital Management LLC now owns 119,508 shares of the oil and gas producer’s stock valued at $6,406,000 after acquiring an additional 775 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its position in shares of EQT by 9.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 11,075 shares of the oil and gas producer’s stock worth $594,000 after purchasing an additional 918 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock opened at $64.37 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. EQT has a 1 year low of $43.57 and a 1 year high of $65.34. The company has a market cap of $40.22 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.42 and a beta of 0.72. The stock’s fifty day moving average price is $56.94 and its 200-day moving average price is $55.58.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, topping the consensus estimate of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, equities analysts forecast that EQT will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.66 annualized dividend and a yield of 1.0%. EQT’s dividend payout ratio is 19.94%.

About EQT

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.