EQT Co. (NYSE:EQT) Receives $45.29 Consensus PT from Analysts

Shares of EQT Co. (NYSE:EQT) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $45.67.

Several research firms have issued reports on EQT. TD Cowen began coverage on shares of EQT in a research note on Friday, April 19th. They set a “hold” rating and a $43.00 price objective for the company. Wolfe Research began coverage on shares of EQT in a research note on Thursday. They set an “outperform” rating and a $51.00 price objective for the company. Truist Financial decreased their price objective on shares of EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 5th. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and upped their target price for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, Piper Sandler upped their target price on shares of EQT from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday.

Insiders Place Their Bets

In other EQT news, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction on 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 directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other EQT news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the transaction, the insider now directly owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at $18,602,402.64. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Private Wealth Management Group LLC bought a new position in shares of EQT in the 4th quarter worth about $30,000. Wolff Wiese Magana LLC lifted its position in shares of EQT by 936.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the last quarter. Blue Trust Inc. lifted its position in shares of EQT by 149.5% in the 2nd quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of EQT in the 4th quarter worth about $40,000. Finally, Principal Securities Inc. bought a new position in shares of EQT in the 4th quarter worth about $51,000. 90.81% of the stock is currently owned by institutional investors.

EQT Price Performance

EQT opened at $35.88 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. EQT has a 52-week low of $32.07 and a 52-week high of $45.23. The company has a 50 day moving average of $38.89 and a two-hundred day moving average of $37.40. The company has a market cap of $15.84 billion, a P/E ratio of 26.00 and a beta of 1.12.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. EQT’s revenue for the quarter was down 28.8% on a year-over-year basis. On average, analysts expect that EQT will post 1.32 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed 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. This represents a $0.63 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, August 7th. EQT’s dividend payout ratio is currently 45.65%.

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.