EQT (NYSE:EQT) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of EQT (NYSE:EQT) to a hold rating in a research report released on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on EQT. Piper Sandler lifted their target price on EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Bank of America initiated coverage on EQT in a report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective on the stock. UBS Group lifted their price objective on EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Morgan Stanley lifted their price objective on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. lifted their price objective on EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, EQT presently has an average rating of “Hold” and a consensus target price of $46.11.

EQT Trading Down 2.5 %

EQT stock opened at $43.33 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50-day simple moving average is $40.22 and its 200-day simple moving average is $37.32. The firm has a market capitalization of $25.85 billion, a PE ratio of 51.58 and a beta of 1.14. EQT has a 52 week low of $30.02 and a 52 week high of $48.02.

EQT (NYSE:EQT) last released its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts forecast that EQT will post 1.36 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Wednesday, November 6th. EQT’s payout ratio is 75.00%.

Insider Buying and Selling at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On EQT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQT. HM Payson & Co. acquired a new position in shares of EQT during the 3rd quarter worth about $25,000. Innealta Capital LLC bought a new stake in shares of EQT in the 2nd quarter valued at about $28,000. Truvestments Capital LLC bought a new stake in shares of EQT in the 3rd quarter valued at about $30,000. Quarry LP raised its holdings in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of EQT by 18,080.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 904 shares during the period. 90.81% of the stock is 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.