#3 - EQT (NYSE:EQT)
EQT (NYSE: EQT) - The Pittsburgh-based natural gas company produces and transmits natural gas throughout the Appalachian area. Its stock has plummeted by 50% in less than a year. However, if analysts’ recommendations are to be believed, the company’s fortunes might be changing. Of the 18 firms that cover the company, it received a consensus buy rating and none of the analysts had a rating lower than a hold. Their consensus price target for the stock is $25 per share which would be a significant rise from its stock price (as of this writing) of $14.88 per share. In the last few months, CEO Robert McNally has made two stock purchases totaling over $500,000 dollars. This is in addition to other high-level executives who have made large purchases. Donald Jenkins, Executive Vice President purchased over $110,000 worth of the company’s stock and the senior VP of Human Resources, Dave Smith purchased over $300,000 of the company’s stock.
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.
Read More - Current Price
- $45.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $42.83 (6.7% Downside)
