EQT (NYSE:EQT) Price Target Raised to $60.00

EQT (NYSE:EQT - Get Free Report) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $58.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the oil and gas producer's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 23.05% from the company's previous close.

Several other equities analysts have also commented on the company. UBS Group upped their target price on EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Truist Financial increased their target price on EQT from $41.00 to $56.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Scotiabank downgraded shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. The Goldman Sachs Group reaffirmed a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Finally, Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, EQT has an average rating of "Hold" and a consensus price target of $52.56.

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EQT Stock Down 0.4 %

EQT stock traded down $0.19 during mid-day trading on Thursday, hitting $48.76. 3,642,020 shares of the company were exchanged, compared to its average volume of 8,640,269. The company has a market capitalization of $29.13 billion, a PE ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The firm has a fifty day simple moving average of $50.71 and a 200 day simple moving average of $43.28. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT has a twelve month low of $30.02 and a twelve month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. On average, research analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of EQT

A number of hedge funds have recently bought and sold shares of EQT. Wellington Management Group LLP lifted its position in shares of EQT by 38.7% in the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock valued at $2,716,968,000 after acquiring an additional 20,700,921 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after buying an additional 358,649 shares in the last quarter. State Street Corp raised its position in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock valued at $1,359,183,000 after buying an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its stake in EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after acquiring an additional 429,733 shares in the last quarter. Finally, Capital International Investors boosted its position in EQT by 21.3% during the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after acquiring an additional 2,433,632 shares during the period. 90.81% of the stock is 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.

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