EQT (NYSE:EQT - Get Free Report) had its target price upped by investment analysts at Mizuho from $57.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the oil and gas producer's stock. Mizuho's price objective indicates a potential upside of 30.37% from the stock's previous close.
A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Citigroup lifted their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 price objective on shares of EQT in a report on Monday, January 6th. Morgan Stanley reaffirmed an "overweight" rating and set a $67.00 target price (up previously from $63.00) on shares of EQT in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and a consensus target price of $55.28.
Read Our Latest Stock Analysis on EQT
EQT Stock Performance
Shares of EQT stock traded down $6.07 during trading hours on Tuesday, hitting $46.02. 21,963,858 shares of the company were exchanged, compared to its average volume of 7,611,805. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 115.06, a P/E/G ratio of 0.64 and a beta of 1.12. The firm has a fifty day simple moving average of $51.25 and a 200 day simple moving average of $45.51. EQT has a 52-week low of $30.02 and a 52-week high of $56.66.
EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. Research analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EQT
A number of hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in EQT by 38.7% during the third 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 buying an additional 20,700,921 shares during the period. Vanguard Group Inc. lifted its stake in shares of EQT by 0.5% in the 4th 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 acquiring an additional 358,649 shares during the last quarter. State Street Corp grew its position in EQT by 24.5% during 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 acquiring an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC increased 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 purchasing an additional 429,733 shares during the period. Finally, Capital International Investors lifted its position in EQT by 21.3% in the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.
About EQT
(
Get Free Report)
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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