EQT (NYSE:EQT) Price Target Raised to $55.00 at Capital One Financial

EQT (NYSE:EQTFree Report) had its price target hoisted by Capital One Financial from $52.00 to $55.00 in a report published on Thursday,MarketScreener reports. They currently have an overweight rating on the oil and gas producer’s stock.

Several other brokerages have also issued reports on EQT. Sanford C. Bernstein raised their price objective on EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their price target on EQT from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. William Blair began coverage on EQT in a research note on Tuesday, October 14th. They issued an “outperform” rating for the company. BMO Capital Markets lowered their target price on shares of EQT from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. Finally, The Goldman Sachs Group cut their target price on shares of EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday. Nineteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and an average price target of $63.86.

View Our Latest Analysis on EQT

EQT Price Performance

EQT stock opened at $54.73 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $55.41 and a 200-day simple moving average of $54.26. The stock has a market cap of $34.16 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 0.41 and a beta of 0.68. EQT has a 12-month low of $43.57 and a 12-month high of $62.23.

EQT (NYSE:EQTGet Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. EQT had a return on equity of 6.88% and a net margin of 22.59%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the company posted $0.12 earnings per share. The firm’s quarterly revenue was up 52.6% compared to the same quarter last year. Equities analysts expect that EQT will post 3.27 EPS for the current fiscal year.

Insider Activity

In other news, EVP J.E.B. Bolen sold 1,422 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total value of $75,067.38. Following the completion of the transaction, the executive vice president directly owned 69,486 shares of the company’s stock, valued at $3,668,165.94. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EQT. Westpac Banking Corp lifted its position in EQT by 6.6% during the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock worth $145,000 after buying an additional 165 shares during the period. Fortitude Family Office LLC increased its stake in shares of EQT by 95.6% during the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of EQT by 38.1% during the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 283 shares during the period. Rothschild Investment LLC boosted its position in shares of EQT by 1.0% in the second quarter. Rothschild Investment LLC now owns 46,436 shares of the oil and gas producer’s stock worth $2,708,000 after acquiring an additional 463 shares during the last quarter. Finally, Anchor Investment Management LLC grew its holdings in EQT by 133.3% in the second quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Key EQT News

Here are the key news stories impacting EQT this week:

EQT Company Profile

(Get Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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Analyst Recommendations for EQT (NYSE:EQT)

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