EQT (NYSE:EQT) Given New $43.00 Price Target at Mizuho

EQT (NYSE:EQT) had its target price increased by Mizuho from $40.00 to $43.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the oil and gas producer’s stock.

A number of other equities research analysts also recently weighed in on EQT. Royal Bank of Canada reissued an outperform rating and issued a $46.00 price target on shares of EQT in a report on Tuesday, March 5th. StockNews.com upgraded shares of EQT to a sell rating in a research report on Tuesday, March 12th. Stephens lifted their target price on EQT from $46.00 to $47.00 and gave the stock an equal weight rating in a report on Wednesday. TD Cowen initiated coverage on EQT in a report on Friday, April 19th. They set a hold rating and a $43.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on EQT from $48.00 to $43.00 and set a buy rating for the company in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $44.25.

EQT Stock Up 0.5 %

Shares of EQT stock opened at $40.61 on Friday. The business’s fifty day moving average price is $36.43 and its two-hundred day moving average price is $37.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.99. The company has a market capitalization of $17.93 billion, a P/E ratio of 29.43 and a beta of 1.12. EQT has a 1-year low of $30.84 and a 1-year high of $45.23.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a return on equity of 4.57% and a net margin of 10.96%. The firm’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. As a group, research analysts forecast that EQT will post 0.99 EPS for the current year.

EQT Announces Dividend

The business also recently disclosed 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 1.55%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT’s dividend payout ratio is 45.65%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EQT. Private Wealth Management Group LLC bought a new stake in EQT during the 4th quarter valued at approximately $30,000. BKM Wealth Management LLC bought a new stake in EQT during the 4th quarter valued at approximately $40,000. Principal Securities Inc. bought a new stake in EQT during the 4th quarter valued at approximately $51,000. Allworth Financial LP boosted its stake in EQT by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 282 shares during the period. Finally, First Command Advisory Services Inc. bought a new stake in EQT during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds 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.