EQT (NYSE:EQT) Upgraded at Stephens

Stephens upgraded shares of EQT (NYSE:EQT) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. Stephens currently has $59.00 price target on the oil and gas producer’s stock, up from their prior price target of $41.00.

EQT has been the topic of several other research reports. Wells Fargo & Company boosted their target price on EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Piper Sandler boosted their price objective on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised their target price on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Morgan Stanley boosted their price target on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.50.

EQT Price Performance

Shares of EQT stock opened at $53.74 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. EQT has a 12 month low of $30.02 and a 12 month high of $56.66. The firm has a market cap of $32.11 billion, a price-to-earnings ratio of 134.36, a PEG ratio of 0.64 and a beta of 1.12. The stock has a 50-day moving average price of $51.17 and a 200 day moving average price of $43.99.

EQT (NYSE:EQT) last posted its earnings results 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Research analysts expect that EQT will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.17%. EQT’s dividend payout ratio (DPR) is currently 157.50%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of EQT in the third quarter valued at about $30,000. Quarry LP raised its stake in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its holdings in EQT by 47.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of EQT during the third quarter worth approximately $36,000. 90.81% of the stock is owned by institutional investors and hedge funds.

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.