EQT Co. (NYSE:EQT) Given Average Recommendation of “Hold” by Analysts

EQT Co. (NYSE:EQT) has been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.18.

A number of research firms have recently issued reports on EQT. TD Securities reduced their price target on shares of EQT from $17.50 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Morgan Stanley reduced their price target on shares of EQT from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, July 26th. Wells Fargo & Co reduced their price target on shares of EQT from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Finally, ValuEngine upgraded shares of EQT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.

EQT stock opened at $9.71 on Friday. The firm has a 50 day moving average of $10.69 and a 200-day moving average of $15.45. EQT has a 12-month low of $9.06 and a 12-month high of $25.88. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 1.11 and a beta of 0.64.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.13. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The company had revenue of $958.40 million during the quarter, compared to the consensus estimate of $929.86 million. During the same period last year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts forecast that EQT will post 0.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 8th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.24%. EQT’s dividend payout ratio (DPR) is 7.06%.

Institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. increased its stake in shares of EQT by 158.6% during the 2nd quarter. Invesco Ltd. now owns 742,207 shares of the oil and gas producer’s stock worth $11,734,000 after purchasing an additional 455,236 shares in the last quarter. Dynamic Capital Management Ltd purchased a new position in shares of EQT during the 2nd quarter worth approximately $255,000. M&T Bank Corp grew its stake in EQT by 17.1% in the 2nd quarter. M&T Bank Corp now owns 12,936 shares of the oil and gas producer’s stock worth $206,000 after acquiring an additional 1,885 shares during the period. Toronto Dominion Bank purchased a new stake in EQT in the 2nd quarter worth approximately $231,000. Finally, Pacer Advisors Inc. grew its stake in EQT by 116.7% in the 3rd quarter. Pacer Advisors Inc. now owns 219,657 shares of the oil and gas producer’s stock worth $2,337,000 after acquiring an additional 118,303 shares during the period. 97.04% 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. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Analyst Recommendations for EQT (NYSE:EQT)

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