EQT (NYSE:EQT) Upgraded by StockNews.com to “Sell” Rating

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

Several other analysts have also recently commented on EQT. Stephens increased their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a report on Monday, January 6th. Finally, Citigroup boosted their price objective on EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.94.

EQT Stock Performance

NYSE EQT opened at $51.03 on Friday. EQT has a twelve month low of $30.02 and a twelve month high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $30.45 billion, a P/E ratio of 60.75, a PEG ratio of 0.58 and a beta of 1.12. The company’s 50-day simple moving average is $47.21 and its 200 day simple moving average is $39.72.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 EPS. As a group, research analysts forecast that EQT will post 1.4 earnings per share for the current fiscal year.

Insider Activity at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is owned by insiders.

Institutional Trading of EQT

A number of institutional investors have recently made changes to their positions in EQT. HM Payson & Co. bought a new position in shares of EQT in the 3rd quarter valued at about $25,000. Truvestments Capital LLC acquired a new stake in EQT in the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC grew its holdings in EQT by 18,080.0% during the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the period. Quarry LP increased its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in EQT in the third quarter valued at approximately $36,000. Institutional investors own 90.81% of the company’s stock.

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.