EQT (NYSE:EQT) Raised to “Strong-Buy” at TD Cowen

EQT (NYSE:EQT) was upgraded by TD Cowen to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on EQT. JPMorgan Chase & Co. lowered their target price on shares of EQT from $64.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Citigroup reduced their target price on EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Siebert Williams Shank upped their target price on shares of EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating on shares of EQT in a report on Sunday, January 18th. Finally, Piper Sandler increased their price target on shares of EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.77.

EQT Price Performance

EQT stock opened at $56.12 on Monday. The business has a 50 day simple moving average of $54.74 and a 200 day simple moving average of $54.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $35.02 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. EQT has a one year low of $43.57 and a one year high of $62.23.

Institutional Investors Weigh In On EQT

Several hedge funds have recently bought and sold shares of the stock. Aventura Private Wealth LLC bought a new stake in shares of EQT during the fourth quarter worth approximately $31,000. Fortitude Family Office LLC lifted its holdings in 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 purchasing an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in EQT in the 2nd quarter valued at $41,000. Anchor Investment Management LLC grew its holdings 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 in the last quarter. Finally, Elyxium Wealth LLC bought a new position in EQT during the 4th quarter worth $49,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

About EQT

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.