Credit Suisse Group Increases EQT (NYSE:EQT) Price Target to $50.00

EQT (NYSE:EQTGet Rating) had its price target boosted by equities research analysts at Credit Suisse Group from $41.00 to $50.00 in a report issued on Monday, The Fly reports. Credit Suisse Group’s price objective would suggest a potential upside of 4.25% from the company’s current price.

Several other research analysts also recently commented on the stock. Mizuho lifted their price target on shares of EQT from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 31st. TD Securities lifted their price target on shares of EQT from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, April 29th. Tudor, Pickering, Holt & Co. raised shares of EQT from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Monday, April 11th. Wells Fargo & Company lifted their price target on shares of EQT from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Finally, Piper Sandler lifted their price target on shares of EQT from $29.00 to $58.00 in a research note on Thursday, April 21st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EQT currently has an average rating of “Buy” and an average price target of $51.91.

Shares of EQT opened at $47.96 on Monday. The firm’s 50 day simple moving average is $42.44 and its 200 day simple moving average is $30.21. The company has a market capitalization of $17.72 billion, a P/E ratio of -5.81, a P/E/G ratio of 0.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.40 and a quick ratio of 0.40. EQT has a 1-year low of $15.71 and a 1-year high of $50.41.

EQT (NYSE:EQTGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The oil and gas producer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.18). During the same period in the previous year, the firm earned $0.30 EPS. On average, equities analysts anticipate that EQT will post 2.84 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Capital World Investors bought a new stake in EQT in the first quarter valued at $497,156,000. Yale University bought a new stake in shares of EQT during the 3rd quarter valued at $263,059,000. Clearbridge Investments LLC boosted its holdings 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 valued at $382,493,000 after buying an additional 4,423,003 shares in the last quarter. Third Point LLC boosted its holdings in shares of EQT by 79.9% during the 1st quarter. Third Point LLC now owns 8,950,000 shares of the oil and gas producer’s stock valued at $307,970,000 after buying an additional 3,975,000 shares in the last quarter. Finally, Forrestal Agricultural Corp bought a new stake in shares of EQT during the 4th quarter valued at $183,175,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

About EQT (Get Rating)

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play.

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