EQT (NYSE:EQT) Raised to Sell at StockNews.com

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

A number of other equities analysts also recently issued reports on EQT. Piper Sandler upped their price target on EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Bank of America assumed coverage on shares of EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 target price for the company. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Morgan Stanley upped their price objective on shares of EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Stephens lifted their target price on EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. One research 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. Based on data from MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $46.61.

EQT Price Performance

EQT stock opened at $46.11 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $43.02 and a 200-day simple moving average of $37.77. The stock has a market cap of $27.51 billion, a P/E ratio of 54.89 and a beta of 1.14. EQT has a 12-month low of $30.02 and a 12-month high of $48.02.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business earned $0.30 EPS. EQT’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts expect that EQT will post 1.37 EPS for the current fiscal 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 issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, November 6th. EQT’s dividend payout ratio (DPR) is currently 75.00%.

Insiders Place Their Bets

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

Institutional Trading of EQT

A number of institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its position in shares of EQT by 104.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after buying an additional 32,484 shares in the last quarter. Retirement Systems of Alabama raised its position in EQT by 36.7% during the third quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock worth $4,878,000 after acquiring an additional 35,733 shares during the last quarter. FMR LLC lifted its holdings in shares of EQT by 2.5% in the third quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock valued at $41,520,000 after purchasing an additional 28,129 shares in the last quarter. Tidal Investments LLC increased its stake in shares of EQT by 55.8% during the 3rd quarter. Tidal Investments LLC now owns 60,816 shares of the oil and gas producer’s stock worth $2,228,000 after purchasing an additional 21,789 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after purchasing an additional 3,582,418 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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.