EQT (NYSE:EQT) was upgraded by investment analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $77.00 target price on the oil and gas producer’s stock, up from their previous target price of $45.73. Royal Bank of Canada’s target price suggests a potential upside of 62.55% from the company’s previous close. The analysts noted that the move was a valuation call.

EQT has been the topic of several other research reports. SunTrust Banks reissued a “hold” rating and set a $65.00 target price on shares of EQT in a research note on Friday, December 8th. Morgan Stanley lowered their target price on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Credit Suisse Group assumed coverage on shares of EQT in a research note on Monday, December 11th. They set an “outperform” rating and a $70.00 target price on the stock. Citigroup reissued a “buy” rating and set a $79.00 target price on shares of EQT in a research note on Monday, January 22nd. Finally, Jefferies Group set a $62.00 price objective on shares of EQT and gave the company a “hold” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.77.

EQT (NYSE EQT) opened at $47.37 on Monday. The company has a market cap of $12,590.00, a PE ratio of 236.85, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. EQT has a 52 week low of $43.70 and a 52 week high of $67.84.

In other news, Chairman David L. Porges sold 53,760 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the completion of the transaction, the chairman now owns 438,601 shares in the company, valued at approximately $25,938,863.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of EQT. Share Andrew L. acquired a new position in shares of EQT in the fourth quarter worth about $580,007,000. BlackRock Inc. boosted its holdings in shares of EQT by 29.7% in the fourth quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock worth $1,059,671,000 after buying an additional 4,265,536 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of EQT by 27.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 3,797,012 shares of the oil and gas producer’s stock worth $216,126,000 after buying an additional 820,493 shares during the period. Geode Capital Management LLC boosted its holdings in shares of EQT by 44.1% in the fourth quarter. Geode Capital Management LLC now owns 2,555,286 shares of the oil and gas producer’s stock worth $145,137,000 after buying an additional 782,352 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of EQT by 1,080.2% in the fourth quarter. Toronto Dominion Bank now owns 775,927 shares of the oil and gas producer’s stock worth $44,166,000 after buying an additional 710,182 shares during the period.

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EQT 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.

Analyst Recommendations for EQT (NYSE:EQT)

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