EQT (NYSE:EQT) Stock Rating Upgraded by TD Cowen

EQT (NYSE:EQT) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

EQT has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Zacks Research lowered EQT from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group dropped their price target on EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Piper Sandler increased their price target on EQT from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Finally, Barclays decreased their price objective on EQT from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.77.

EQT Stock Performance

NYSE:EQT opened at $55.40 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.29. EQT has a twelve month low of $43.57 and a twelve month high of $62.23. The company has a fifty day moving average of $54.68 and a 200-day moving average of $54.25. The firm has a market capitalization of $34.57 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.46 and a beta of 0.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EQT. Westpac Banking Corp raised its position in EQT by 6.6% in the 3rd quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after buying an additional 165 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of EQT by 0.5% in the 4th quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after acquiring an additional 215 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of EQT by 38.1% in the second quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 283 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of EQT by 4.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after purchasing an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Company Profile

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.