EQT (NYSE:EQT - Get Free Report) had its price target hoisted by Piper Sandler from $34.00 to $35.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas producer's stock. Piper Sandler's price target would suggest a potential downside of 32.54% from the company's previous close.
Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of EQT from $50.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. Morgan Stanley lifted their price target on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. UBS Group upped their price objective on EQT from $40.00 to $42.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Sanford C. Bernstein upgraded shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and upped their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average target price of $49.94.
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EQT Stock Performance
EQT stock traded up $1.27 during mid-day trading on Wednesday, reaching $51.89. The company had a trading volume of 2,662,670 shares, compared to its average volume of 8,506,280. EQT has a one year low of $30.02 and a one year high of $54.85. The stock has a market capitalization of $30.96 billion, a P/E ratio of 61.79 and a beta of 1.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The stock's 50-day simple moving average is $47.12 and its two-hundred day simple moving average is $39.63.
EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.30 EPS. EQT's revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that EQT will post 1.42 EPS for the current year.
Insider Activity at EQT
In other news, Director Thomas F. Karam sold 30,154 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.63% of the stock is owned by insiders.
Institutional Trading of EQT
A number of institutional investors have recently bought and sold shares of EQT. Valeo Financial Advisors LLC lifted its stake in EQT by 34.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,738 shares of the oil and gas producer's stock valued at $403,000 after acquiring an additional 2,217 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in shares of EQT by 6.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,449 shares of the oil and gas producer's stock valued at $297,000 after purchasing an additional 414 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in EQT by 1.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 216,430 shares of the oil and gas producer's stock worth $9,592,000 after purchasing an additional 3,669 shares in the last quarter. MTM Investment Management LLC increased its position in EQT by 36.3% during the fourth quarter. MTM Investment Management LLC now owns 11,381 shares of the oil and gas producer's stock worth $525,000 after buying an additional 3,029 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in EQT by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 659,534 shares of the oil and gas producer's stock worth $30,411,000 after buying an additional 101,762 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
About EQT
(
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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.
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