EQT Corporation (EQT) Given a $75.00 Price Target at BMO Capital Markets
BMO Capital Markets set a $75.00 price objective on EQT Corporation (NYSE:EQT) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the oil and gas producer’s stock.
A number of other research firms also recently commented on EQT. Royal Bank Of Canada set a $79.00 target price on EQT Corporation and gave the stock a hold rating in a report on Friday, July 28th. KLR Group reaffirmed a buy rating and set a $102.00 target price (up previously from $101.00) on shares of EQT Corporation in a report on Sunday, July 30th. Stifel Nicolaus reaffirmed a buy rating and set a $87.00 target price on shares of EQT Corporation in a report on Thursday, September 14th. Seaport Global Securities raised EQT Corporation from a neutral rating to a buy rating and increased their target price for the stock from $57.00 to $79.00 in a report on Tuesday, September 26th. Finally, Scotiabank reaffirmed an average rating and set a $79.00 target price on shares of EQT Corporation in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $79.30.
EQT Corporation (NYSE:EQT) opened at 62.88 on Tuesday. The firm has a market capitalization of $10.90 billion, a P/E ratio of 2245.71 and a beta of 0.77. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The stock’s 50 day moving average price is $63.20 and its 200-day moving average price is $60.50.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The firm had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. During the same quarter last year, the firm earned ($0.35) EPS. EQT Corporation’s quarterly revenue was up 720.1% on a year-over-year basis. On average, analysts forecast that EQT Corporation will post $0.91 earnings per share for the current year.
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In other news, Director A. Bray Jr. Cary purchased 406 shares of the stock in a transaction dated Monday, October 2nd. The shares were bought at an average cost of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd acquired a new position in shares of EQT Corporation during the 1st quarter valued at $110,000. Invictus RG acquired a new position in shares of EQT Corporation in the 1st quarter worth $119,000. Pacer Advisors Inc. grew its holdings in shares of EQT Corporation by 3.1% in the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after acquiring an additional 99 shares during the last quarter. Aureus Asset Management LLC acquired a new position in shares of EQT Corporation in the 2nd quarter worth $205,000. Finally, OppenheimerFunds Inc. acquired a new position in shares of EQT Corporation in the 1st quarter worth $218,000. Institutional investors own 90.55% of the company’s stock.
EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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