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

StockNews.com upgraded shares of EQT (NYSE:EQT) to a sell rating in a research report released on Friday.

Other analysts have also recently issued reports about the stock. Piper Sandler dropped their target price on shares of EQT from $47.00 to $43.00 and set an overweight rating on the stock in a report on Thursday. Jefferies Financial Group increased their target price on shares of EQT from $43.00 to $48.00 and gave the stock a buy rating in a report on Tuesday, June 4th. The Goldman Sachs Group dropped their target price on shares of EQT from $48.00 to $43.00 and set a buy rating on the stock in a report on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of EQT from $40.00 to $47.00 and gave the stock an outperform rating in a report on Monday, May 13th. Finally, Wolfe Research initiated coverage on shares of EQT in a report on Thursday, July 18th. They set an outperform rating and a $51.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $45.50.

EQT Trading Down 0.2 %

NYSE EQT opened at $34.33 on Friday. EQT has a 12 month low of $32.07 and a 12 month high of $45.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.88. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 24.87 and a beta of 1.12. The company’s fifty day moving average price is $38.32 and its two-hundred day moving average price is $37.29.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted ($0.17) EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, research analysts predict that EQT will post 1.37 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.63 annualized dividend and a yield of 1.84%. EQT’s payout ratio is 45.65%.

Insider Buying and Selling at EQT

In other EQT news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at approximately $18,602,402.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EQT

Large investors have recently made changes to their positions in the business. Private Wealth Management Group LLC acquired a new position in shares of EQT in the fourth quarter worth about $30,000. Wolff Wiese Magana LLC boosted its holdings in shares of EQT by 936.1% in the second quarter. Wolff Wiese Magana LLC now owns 1,005 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 908 shares during the period. Blue Trust Inc. boosted its holdings in shares of EQT by 149.5% in the second quarter. Blue Trust Inc. now owns 998 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 598 shares during the period. Principal Securities Inc. acquired a new position in shares of EQT in the fourth quarter worth about $51,000. Finally, EntryPoint Capital LLC acquired a new position in shares of EQT in the first quarter worth about $54,000. 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.