EQT (NYSE:EQT) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of EQT (NYSE:EQT – Get Rating) in a research report released on Wednesday morning, The Fly reports. The brokerage issued a neutral rating and a $36.00 target price on the oil and gas producer’s stock.

Several other research firms have also commented on EQT. TD Securities lowered their price target on shares of EQT from $60.00 to $50.00 and set a buy rating on the stock in a report on Friday, February 17th. Wells Fargo & Company decreased their price objective on shares of EQT from $41.00 to $39.00 and set an overweight rating for the company in a research report on Tuesday, April 11th. Piper Sandler decreased their price objective on shares of EQT from $58.00 to $51.00 and set an overweight rating for the company in a research report on Tuesday, March 7th. The Goldman Sachs Group decreased their price objective on shares of EQT from $49.00 to $44.00 and set a buy rating for the company in a research report on Wednesday, January 25th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $50.00 price objective on shares of EQT in a research report on Tuesday, March 7th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $49.44.

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EQT Price Performance

NYSE:EQT opened at $33.22 on Wednesday. EQT has a one year low of $28.10 and a one year high of $51.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 8.08 and a beta of 1.16. The firm’s fifty day moving average is $31.76 and its two-hundred day moving average is $35.83.

EQT (NYSE:EQT – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The oil and gas producer reported $0.42 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.10). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was down 6.6% compared to the same quarter last year. Research analysts expect that EQT will post 3.46 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.81%. EQT’s payout ratio is 14.60%.

Institutional Trading of EQT

Several hedge funds have recently made changes to their positions in EQT. Capital World Investors purchased a new stake in shares of EQT in the 1st quarter valued at approximately $497,156,000. Renaissance Technologies LLC grew its stake in shares of EQT by 6,029.6% in the 1st quarter. Renaissance Technologies LLC now owns 6,424,264 shares of the oil and gas producer’s stock valued at $221,059,000 after buying an additional 6,319,457 shares during the period. Vanguard Group Inc. grew its stake in shares of EQT by 19.8% in the 3rd quarter. Vanguard Group Inc. now owns 38,038,225 shares of the oil and gas producer’s stock valued at $1,550,057,000 after buying an additional 6,293,070 shares during the period. PointState Capital LP purchased a new stake in shares of EQT in the 1st quarter valued at approximately $163,646,000. Finally, Clearbridge Investments LLC boosted its position in shares of EQT by 66.1% during the 1st quarter. Clearbridge Investments LLC now owns 11,115,761 shares of the oil and gas producer’s stock worth $382,493,000 after purchasing an additional 4,423,003 shares during the period. Hedge funds and other institutional investors own 97.60% of the company’s stock.

EQT Company Profile

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

Further Reading

• Get a free copy of the StockNews.com research report on EQT (EQT)
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