UBS Group Lowers EQT (NYSE:EQT) Price Target to $55.00

EQT (NYSE:EQT - Get Free Report) had its price target lowered by UBS Group from $58.00 to $55.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas producer's stock. UBS Group's price objective points to a potential upside of 10.74% from the company's current price.

A number of other equities analysts have also weighed in on the company. Truist Financial boosted 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. Mizuho raised their price objective on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. 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. StockNews.com raised shares of EQT from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, Citigroup raised their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $55.72.

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EQT Trading Up 2.4 %

EQT traded up $1.17 during trading on Monday, hitting $49.66. 8,892,353 shares of the stock traded hands, compared to its average volume of 7,770,694. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market capitalization of $29.67 billion, a P/E ratio of 124.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. EQT has a 12-month low of $30.02 and a 12-month high of $56.66. The firm has a 50-day moving average of $50.93 and a 200 day moving average of $46.18.

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

Institutional Investors Weigh In On EQT

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP boosted its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 578 shares during the period. Financial Avengers Inc. lifted its position in shares of EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 504 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its holdings in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other 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.