EQT (NYSE:EQT) Given New $41.00 Price Target at Truist Financial

EQT (NYSE:EQT - Get Free Report) had its price objective boosted by stock analysts at Truist Financial from $32.00 to $41.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the oil and gas producer's stock. Truist Financial's price target would indicate a potential downside of 10.05% from the company's previous close.

A number of other brokerages have also recently issued reports on EQT. Mizuho upped their price target on shares of EQT from $41.00 to $45.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. UBS Group upped their target price on shares of EQT from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th. Piper Sandler increased their price target on shares of EQT from $32.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Stephens boosted their price objective on shares of EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.67.

EQT Stock Down 0.9 %

EQT traded down $0.41 during midday trading on Tuesday, reaching $45.58. The company's stock had a trading volume of 7,298,434 shares, compared to its average volume of 7,204,742. EQT has a 1 year low of $30.02 and a 1 year high of $48.02. The stock's 50-day moving average is $38.45 and its 200-day moving average is $37.00. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 53.46 and a beta of 1.06. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, research analysts expect that EQT will post 1.35 EPS for the current year.

Institutional Trading of EQT

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp boosted its holdings in EQT by 24.5% in the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the period. Bank of New York Mellon Corp increased its stake in EQT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer's stock worth $752,487,000 after buying an additional 464,781 shares in the last quarter. Modera Wealth Management LLC bought a new stake in EQT during the third quarter valued at about $562,494,000. Finally, Geode Capital Management LLC raised its holdings in EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after acquiring an additional 3,582,418 shares during the period. Institutional investors own 90.81% of the company's stock.

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.