EQT (NYSE:EQT) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of EQT (NYSE:EQT) in a research note released on Friday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $43.00 target price on the oil and gas producer’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group raised their target price on shares of EQT from $42.00 to $43.00 and gave the company a buy rating in a research note on Friday, April 5th. Mizuho lifted their price objective on shares of EQT from $39.00 to $40.00 and gave the stock a neutral rating in a research report on Tuesday, April 16th. StockNews.com raised shares of EQT to a sell rating in a research report on Tuesday, March 12th. Royal Bank of Canada reissued an outperform rating and set a $46.00 target price on shares of EQT in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group dropped their target price on shares of EQT from $48.00 to $43.00 and set a buy rating on the stock in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, EQT presently has a consensus rating of Hold and an average target price of $43.38.

EQT Stock Up 3.7 %

Shares of EQT stock opened at $37.99 on Friday. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 8.94 and a beta of 1.12. The company’s 50 day moving average is $35.98 and its 200 day moving average is $38.02. EQT has a twelve month low of $30.84 and a twelve month high of $45.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 25.12% and a return on equity of 7.12%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Research analysts anticipate that EQT will post 1.07 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s payout ratio is 14.82%.

Institutional Investors Weigh In On EQT

Hedge funds have recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new stake in shares of EQT in the fourth quarter valued at about $30,000. BKM Wealth Management LLC purchased a new position in shares of EQT in the fourth quarter valued at approximately $40,000. Principal Securities Inc. purchased a new position in EQT in the fourth quarter worth approximately $51,000. Allworth Financial LP lifted its stake in EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 282 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in EQT in the third quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Company Profile

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.