EQT (NYSE:EQT) Now Covered by Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of EQT (NYSE:EQTGet Rating) in a research note published on Tuesday morning, The Fly reports. The firm issued an overweight rating on the oil and gas producer’s stock.

Other research analysts have also issued reports about the stock. Morgan Stanley decreased their price target on shares of EQT from $50.00 to $42.00 and set an overweight rating for the company in a research note on Tuesday. Tudor Pickering lowered shares of EQT from a buy rating to a hold rating in a research note on Wednesday, November 30th. Truist Financial decreased their price target on shares of EQT from $46.00 to $43.00 in a research note on Monday. Mizuho increased their price target on shares of EQT from $59.00 to $61.00 and gave the stock a buy rating in a research note on Monday, October 24th. Finally, Jefferies Financial Group assumed coverage on shares of EQT in a research note on Wednesday, October 19th. They issued a buy rating and a $57.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $56.53.

EQT Stock Down 2.9 %

Shares of NYSE EQT opened at $34.21 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.45. EQT has a 12 month low of $19.20 and a 12 month high of $51.97. The firm has a market capitalization of $12.56 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.07 and a beta of 1.21. The firm has a fifty day simple moving average of $36.96 and a two-hundred day simple moving average of $41.14.

EQT (NYSE:EQTGet Rating) last issued its quarterly earnings data on Wednesday, October 26th. The oil and gas producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.99 by $0.05. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.74 billion. Equities analysts expect that EQT will post 3.86 earnings per share for the current year.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 98,783 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $41.55, for a total value of $4,104,433.65. Following the transaction, the executive vice president now owns 297,787 shares in the company, valued at approximately $12,373,049.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On EQT

Several institutional investors have recently made changes to their positions in EQT. Dorsey & Whitney Trust CO LLC raised its stake in EQT by 2.9% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 9,404 shares of the oil and gas producer’s stock worth $324,000 after acquiring an additional 267 shares during the period. Sandy Spring Bank raised its stake in EQT by 0.5% during the 2nd quarter. Sandy Spring Bank now owns 50,451 shares of the oil and gas producer’s stock worth $1,736,000 after acquiring an additional 270 shares during the period. Resonant Capital Advisors LLC raised its stake in EQT by 0.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 29,028 shares of the oil and gas producer’s stock worth $1,183,000 after acquiring an additional 271 shares during the period. Veritable L.P. raised its stake in EQT by 3.9% during the 3rd quarter. Veritable L.P. now owns 8,017 shares of the oil and gas producer’s stock worth $327,000 after acquiring an additional 301 shares during the period. Finally, Corient Capital Partners LLC raised its stake in EQT by 1.2% during the 2nd quarter. Corient Capital Partners LLC now owns 26,366 shares of the oil and gas producer’s stock worth $907,000 after acquiring an additional 308 shares during the period. Institutional investors own 97.60% of the company’s stock.

About EQT

(Get Rating)

EQT Corp. is a natural gas production company engaged in the supplying, transmitting, and distribution of natural gas. It has operations in the Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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