EQT (NYSE:EQT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a research report sent to investors on Friday morning.

Several other analysts have also recently issued reports on the stock. Stephens cut their price target on shares of EQT from $47.00 to $46.00 and set an equal weight rating on the stock in a report on Wednesday, July 24th. Piper Sandler cut their price target on shares of EQT from $47.00 to $43.00 and set an overweight rating on the stock in a report on Thursday, July 25th. Wells Fargo & Company cut shares of EQT from an overweight rating to an equal weight rating and cut their price target for the company from $48.00 to $37.00 in a report on Wednesday, April 17th. Morgan Stanley upped their price target on shares of EQT from $37.00 to $49.00 and gave the company an overweight rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. raised shares of EQT from a neutral rating to an overweight rating and set a $42.00 price target on the stock in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $45.50.

EQT Trading Down 0.7 %

NYSE EQT opened at $34.07 on Friday. The company’s fifty day simple moving average is $38.17 and its 200-day simple moving average is $37.27. EQT has a 52 week low of $32.07 and a 52 week high of $45.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. The stock has a market cap of $15.05 billion, a P/E ratio of 24.69 and a beta of 1.12.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The business had revenue of $952.51 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company posted ($0.17) earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts predict that EQT will post 1.41 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.85%. EQT’s dividend payout ratio (DPR) is 45.65%.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP William E. Jordan sold 35,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lesley Evancho sold 46,884 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On EQT

A number of institutional investors and hedge funds have recently bought and sold shares of EQT. California State Teachers Retirement System boosted its position in shares of EQT by 3.6% during the 4th quarter. California State Teachers Retirement System now owns 538,463 shares of the oil and gas producer’s stock valued at $20,817,000 after purchasing an additional 18,804 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of EQT by 421.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 64,900 shares of the oil and gas producer’s stock valued at $2,509,000 after purchasing an additional 52,443 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of EQT by 162.4% during the 4th quarter. Cibc World Markets Corp now owns 52,370 shares of the oil and gas producer’s stock valued at $2,025,000 after purchasing an additional 32,409 shares in the last quarter. National Bank of Canada FI boosted its position in shares of EQT by 600.0% during the 4th quarter. National Bank of Canada FI now owns 95,871 shares of the oil and gas producer’s stock valued at $3,731,000 after purchasing an additional 82,176 shares in the last quarter. Finally, Third Point LLC purchased a new stake in EQT during the fourth quarter valued at about $75,387,000. 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.