EQT Corporation (NYSE:EQT) has been given a $80.00 price target by analysts at Cowen and Company in a report released on Wednesday, October 18th. The firm currently has a “buy” rating on the oil and gas producer’s stock. Cowen and Company’s price objective would indicate a potential upside of 26.36% from the company’s previous close.
EQT has been the subject of several other research reports. BMO Capital Markets restated a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a report on Friday, September 1st. Royal Bank Of Canada lowered shares of EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $86.00 to $80.00 in a report on Wednesday, July 5th. Scotiabank set a $79.00 price objective on shares of EQT Corporation and gave the company a “buy” rating in a report on Tuesday, August 22nd. TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, Seaport Global Securities upgraded shares of EQT Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $57.00 to $79.00 in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. EQT Corporation currently has an average rating of “Buy” and a consensus price target of $78.09.
Shares of EQT Corporation (NYSE EQT) traded up 5.39% during midday trading on Wednesday, hitting $63.31. The company had a trading volume of 11,653,173 shares. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 2261.07 and a beta of 0.77. The company’s 50-day moving average price is $63.53 and its 200 day moving average price is $60.63. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74.
EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analyst estimates of $667.05 million. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.26) EPS. Equities research analysts predict that EQT Corporation will post $0.84 earnings per share for the current fiscal year.
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In related news, Director A. Bray Jr. Cary bought 406 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were bought at an average price of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in EQT. Point72 Asia Hong Kong Ltd purchased a new stake in EQT Corporation during the 1st quarter worth approximately $110,000. Invictus RG purchased a new stake in EQT Corporation during the 1st quarter worth approximately $119,000. Aureus Asset Management LLC purchased a new stake in EQT Corporation during the 2nd quarter worth approximately $205,000. Pinebridge Investments L.P. acquired a new stake in EQT Corporation during the 2nd quarter valued at approximately $212,000. Finally, OppenheimerFunds Inc. acquired a new stake in EQT Corporation during the 1st quarter valued at approximately $218,000. 90.54% of the stock is currently owned by institutional investors.
EQT Corporation Company Profile
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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