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

Shares of EQT Corporation (NYSE:EQTGet Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-seven analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $68.00.

A number of analysts recently commented on EQT shares. BMO Capital Markets boosted their target price on shares of EQT from $68.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. UBS Group reduced their target price on shares of EQT from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Capital One Financial lifted their price target on shares of EQT from $58.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Piper Sandler upped their price target on EQT from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Morgan Stanley increased their price objective on EQT from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, March 27th.

Check Out Our Latest Stock Analysis on EQT

Insider Activity at EQT

In other EQT news, CAO Todd James sold 32,514 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the sale, the chief accounting officer owned 58,796 shares in the company, valued at approximately $3,593,611.52. The trade was a 35.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lesley Evancho sold 20,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the sale, the insider directly owned 184,607 shares of the company’s stock, valued at $11,203,798.83. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 61,158 shares of company stock worth $3,742,983 in the last quarter. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EQT. Captrust Financial Advisors boosted its stake in EQT by 104.4% in the 4th quarter. Captrust Financial Advisors now owns 40,787 shares of the oil and gas producer’s stock worth $2,186,000 after purchasing an additional 20,828 shares during the period. Adalta Capital Management LLC raised its stake in EQT by 23.2% during the 4th 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 during the period. Adams Natural Resources Fund Inc. raised its stake in EQT by 19.1% during the 4th quarter. Adams Natural Resources Fund Inc. now owns 262,600 shares of the oil and gas producer’s stock valued at $14,075,000 after purchasing an additional 42,100 shares during the period. Beck Capital Management LLC lifted its holdings in shares of EQT by 0.7% in the fourth quarter. Beck Capital Management LLC now owns 119,508 shares of the oil and gas producer’s stock valued at $6,406,000 after purchasing an additional 775 shares in the last quarter. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of EQT by 9.0% in the fourth quarter. Motley Fool Asset Management LLC now owns 11,075 shares of the oil and gas producer’s stock valued at $594,000 after purchasing an additional 918 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Key EQT News

Here are the key news stories impacting EQT this week:

EQT Price Performance

NYSE:EQT opened at $59.64 on Friday. The business’s 50-day moving average price is $60.39 and its 200 day moving average price is $56.84. The firm has a market cap of $37.26 billion, a P/E ratio of 18.02, a PEG ratio of 1.16 and a beta of 0.70. EQT has a 52-week low of $43.57 and a 52-week high of $68.24. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27.

EQT (NYSE:EQTGet Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the company earned $0.69 EPS. EQT’s revenue was up 24.8% on a year-over-year basis. As a group, sell-side analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.1%. EQT’s payout ratio is 19.94%.

About EQT

(Get Free Report)

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.

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Analyst Recommendations for EQT (NYSE:EQT)

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