EQT (NYSE:EQT) Stock Price Expected to Rise, UBS Group Analyst Says

EQT (NYSE:EQT) had its price target boosted by UBS Group from $54.00 to $58.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas producer’s stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group restated a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. StockNews.com upgraded EQT to a “sell” rating in a research note on Saturday, February 8th. Morgan Stanley raised their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Citigroup boosted their price objective on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial increased their target price on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.39.

EQT Price Performance

NYSE EQT opened at $46.47 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The stock has a market cap of $27.76 billion, a price-to-earnings ratio of 116.17, a PEG ratio of 0.64 and a beta of 1.08. The business has a 50 day simple moving average of $50.06 and a 200 day simple moving average of $42.21. EQT has a 52-week low of $30.02 and a 52-week high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Analysts anticipate that EQT will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On EQT

Several hedge funds have recently bought and sold shares of EQT. Parkside Financial Bank & Trust grew its position in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock worth $218,000 after buying an additional 223 shares during the period. Huntington National Bank lifted its holdings in shares of EQT by 7.4% during the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after buying an additional 224 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 236 shares during the period. 90.81% of the stock is currently 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.