EQT (NYSE:EQT) Upgraded to "Buy" at TD Cowen

EQT (NYSE:EQT - Get Free Report) was upgraded by TD Cowen from a "hold" rating to a "buy" rating in a research report issued on Tuesday, MarketBeat reports. The firm presently has a $54.00 target price on the oil and gas producer's stock. TD Cowen's price objective indicates a potential upside of 8.73% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Stephens raised shares of EQT from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Wells Fargo & Company increased their target price on EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. Citigroup boosted their price target on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.72.

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EQT Trading Up 2.4 %

NYSE:EQT traded up $1.17 during trading hours on Tuesday, reaching $49.66. The company's stock had a trading volume of 8,892,353 shares, compared to its average volume of 7,770,694. The firm has a market capitalization of $29.67 billion, a price-to-earnings ratio of 124.16, a PEG ratio of 0.64 and a beta of 1.35. The firm has a 50-day simple moving average of $50.93 and a 200-day simple moving average of $46.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT has a 1 year low of $30.02 and a 1 year 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 EPS for the quarter, topping the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Research analysts expect that EQT will post 3.27 EPS for the current fiscal year.

Institutional Trading of EQT

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CMC Financial Group bought a new stake in EQT in the 1st quarter worth approximately $334,000. Gateway Investment Advisers LLC purchased a new position in shares of EQT in the 1st quarter worth $228,000. Radnor Capital Management LLC increased its holdings in shares of EQT by 0.6% in the 1st quarter. Radnor Capital Management LLC now owns 61,298 shares of the oil and gas producer's stock worth $3,275,000 after buying an additional 350 shares during the last quarter. Procyon Advisors LLC raised its position in shares of EQT by 2.0% during the 1st quarter. Procyon Advisors LLC now owns 37,833 shares of the oil and gas producer's stock valued at $2,021,000 after buying an additional 752 shares in the last quarter. Finally, Magnus Financial Group LLC bought a new position in shares of EQT in the 1st quarter valued at about $267,000. 90.81% of the stock is currently owned by institutional investors.

About EQT

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.