EQT (NYSE:EQT) PT Raised to $47.00

EQT (NYSE:EQT) had its price target increased by investment analysts at Stephens from $46.00 to $47.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the oil and gas producer’s stock. Stephens’ target price suggests a potential upside of 18.51% from the stock’s previous close.

A number of other equities analysts also recently weighed in on EQT. Truist Financial lowered their target price on shares of EQT from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 price objective (down previously from $39.00) on shares of EQT in a research note on Wednesday, March 20th. Mizuho boosted their price objective on EQT from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Morgan Stanley increased their target price on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Finally, TD Cowen assumed coverage on EQT in a report on Friday, April 19th. They set a “hold” rating and a $43.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.06.

EQT Price Performance

EQT traded up $1.68 on Wednesday, reaching $39.66. The company had a trading volume of 5,010,095 shares, compared to its average volume of 6,464,955. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 9.18 and a beta of 1.12. The business has a 50 day simple moving average of $36.06 and a 200 day simple moving average of $37.99. EQT has a 52-week low of $30.84 and a 52-week high of $45.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 0.99.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. The business’s revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 earnings per share. As a group, sell-side analysts anticipate that EQT will post 0.99 EPS for the current year.

Institutional Investors Weigh In On EQT

A number of hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its stake in shares of EQT by 3.7% in the third quarter. Fifth Third Bancorp now owns 7,363 shares of the oil and gas producer’s stock valued at $299,000 after acquiring an additional 264 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of EQT by 26.9% in the third quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 282 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in EQT by 0.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 31,672 shares of the oil and gas producer’s stock worth $1,285,000 after buying an additional 294 shares in the last quarter. Huntington National Bank grew its position in EQT by 20.0% in the 3rd quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 299 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its holdings in EQT by 13.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 300 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.