EQT (NYSE:EQT) Upgraded at StockNews.com

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

A number of other equities research analysts also recently weighed in on the company. Wolfe Research assumed coverage on EQT in a report on Thursday, July 18th. They set an outperform rating and a $51.00 target price for the company. Stephens dropped their target price on EQT from $47.00 to $46.00 and set an equal weight rating for the company in a report on Wednesday. Sanford C. Bernstein raised EQT from an underperform rating to a market perform rating and lifted their target price for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. Piper Sandler dropped their target price on EQT from $47.00 to $43.00 and set an overweight rating for the company in a report on Thursday. Finally, TD Cowen assumed coverage on EQT in a research report on Friday, April 19th. They issued a hold rating and a $43.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $45.50.

EQT Trading Down 0.2 %

Shares of EQT stock opened at $34.33 on Friday. EQT has a 12-month low of $32.07 and a 12-month high of $45.23. The stock has a market cap of $15.16 billion, a P/E ratio of 24.87 and a beta of 1.12. The company has a quick ratio of 0.88, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $38.32 and its 200-day moving average is $37.29.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The business had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm posted ($0.17) EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts predict that EQT will post 1.37 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders 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 dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 7th. EQT’s dividend payout ratio (DPR) is currently 45.65%.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Lesley Evancho sold 46,884 shares of the business’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 sale, the insider now directly owns 160,884 shares in the company, valued at $6,642,900.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the transaction, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On EQT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Park Avenue Securities LLC lifted its stake in shares of EQT by 3.8% in the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after acquiring an additional 300 shares during the period. Perigon Wealth Management LLC lifted its stake in EQT by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock valued at $559,000 after buying an additional 303 shares during the period. Czech National Bank lifted its stake in EQT by 0.5% in the first quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock valued at $2,683,000 after buying an additional 332 shares during the period. Motley Fool Asset Management LLC lifted its stake in EQT by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock valued at $254,000 after buying an additional 336 shares during the period. Finally, Hancock Whitney Corp lifted its stake in EQT by 3.0% in the first quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after buying an additional 419 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

About EQT

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.