EQT Corporation (NYSE:EQT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of EQT Corporation (NYSE:EQTGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $63.8636.

A number of equities analysts recently weighed in on the stock. Stephens lowered their target price on shares of EQT from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday. Scotiabank lowered their price objective on shares of EQT from $67.00 to $63.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Sanford C. Bernstein upped their target price on shares of EQT from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Capital One Financial raised their target price on shares of EQT from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating on shares of EQT in a report on Wednesday.

Read Our Latest Report on EQT

EQT News Summary

Here are the key news stories impacting EQT this week:

EQT Stock Down 0.2%

EQT stock opened at $54.73 on Friday. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 0.41 and a beta of 0.68. EQT has a twelve month low of $43.57 and a twelve month high of $62.23. The business has a 50 day moving average price of $55.41 and a two-hundred day moving average price of $54.26. 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 (NYSE:EQTGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. EQT had a return on equity of 6.88% and a net margin of 22.59%.The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was up 52.6% compared to the same quarter last year. Analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Insider Activity at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of EQT stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total transaction of $75,067.38. Following the completion of the transaction, the executive vice president directly owned 69,486 shares in the company, valued at approximately $3,668,165.94. The trade was a 2.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On EQT

Several hedge funds have recently added to or reduced their stakes in EQT. Westpac Banking Corp increased its holdings in shares of EQT by 6.6% in the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 165 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of EQT by 95.6% during the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of EQT by 38.1% during the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 283 shares during the period. Rothschild Investment LLC grew its stake in EQT by 1.0% in the 2nd quarter. Rothschild Investment LLC now owns 46,436 shares of the oil and gas producer’s stock valued at $2,708,000 after buying an additional 463 shares during the last quarter. Finally, Anchor Investment Management LLC grew its stake in EQT by 133.3% in the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

About EQT

(Get Free Report)

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.

Further Reading

Analyst Recommendations for EQT (NYSE:EQT)

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