EQT (NYSE:EQT) had its price objective dropped by stock analysts at Credit Suisse Group from $48.00 to $25.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Credit Suisse Group’s target price would indicate a potential upside of 45.35% from the stock’s previous close.

EQT has been the topic of several other reports. TheStreet raised EQT from a “d+” rating to a “c-” rating in a research report on Monday, July 23rd. Royal Bank of Canada set a $53.00 target price on EQT and gave the stock a “buy” rating in a research report on Saturday, October 27th. Zacks Investment Research reaffirmed a “buy” rating and set a $35.00 target price on shares of EQT in a research report on Tuesday. Morgan Stanley dropped their target price on EQT from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 16th. Finally, BMO Capital Markets lowered EQT from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $55.00 to $40.00 in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. EQT has a consensus rating of “Hold” and a consensus target price of $48.93.

NYSE:EQT opened at $17.20 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.47. EQT has a 12 month low of $16.63 and a 12 month high of $60.35. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 0.54 and a beta of 0.91.

EQT (NYSE:EQT) last released its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.12 earnings per share. Equities research analysts anticipate that EQT will post 2.31 EPS for the current fiscal year.

In other news, insider Jimmi Sue Smith purchased 7,500 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average cost of $33.13 per share, for a total transaction of $248,475.00. Following the completion of the purchase, the insider now owns 5,769 shares of the company’s stock, valued at $191,126.97. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Joseph Mcnally purchased 15,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average price of $34.16 per share, with a total value of $539,728.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 42,609 shares of company stock worth $1,447,612. Corporate insiders own 0.68% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Virtus Alternative Investment Advisers Inc. acquired a new position in EQT in the third quarter worth about $133,000. Cerebellum GP LLC grew its stake in EQT by 71.4% in the third quarter. Cerebellum GP LLC now owns 3,488 shares of the oil and gas producer’s stock worth $154,000 after purchasing an additional 1,453 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in EQT in the second quarter worth about $163,000. Dupont Capital Management Corp grew its stake in EQT by 48.7% in the second quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock worth $214,000 after purchasing an additional 1,270 shares in the last quarter. Finally, MML Investors Services LLC acquired a new position in EQT in the third quarter worth about $218,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

EQT Company Profile

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

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Analyst Recommendations for EQT (NYSE:EQT)

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