EQT (NYSE:EQT) Price Target Lowered to $54.00 at UBS Group

EQT (NYSE:EQT) had its target price lowered by UBS Group from $55.00 to $54.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

Several other research analysts have also recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $67.00 price target (up from $63.00) on shares of EQT in a research report on Wednesday, March 26th. The Goldman Sachs Group reissued a “reduce” rating on shares of EQT in a research note on Wednesday, February 12th. Citigroup upped their price target on shares of EQT from $51.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Finally, TD Cowen upgraded shares of EQT from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average target price of $55.56.

EQT Stock Performance

Shares of EQT stock opened at $51.01 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market cap of $30.47 billion, a price-to-earnings ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT has a one year low of $30.02 and a one year high of $56.66. The stock’s 50-day moving average is $50.80 and its 200-day moving average is $46.51.

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

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s dividend payout ratio is 157.50%.

Institutional Investors Weigh In On EQT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Robertson Stephens Wealth Management LLC bought a new position in EQT during the first quarter worth about $279,000. Inscription Capital LLC acquired a new position in shares of EQT during the 1st quarter worth approximately $393,000. Fogel Capital Management Inc. bought a new position in shares of EQT during the first quarter worth approximately $764,000. QRG Capital Management Inc. acquired a new stake in shares of EQT in the first quarter valued at approximately $864,000. Finally, Shikiar Asset Management Inc. bought a new stake in shares of EQT in the first quarter valued at approximately $7,178,000. 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.