EQT (NYSE:EQT) Stock Price Expected to Rise, Mizuho Analyst Says

EQT (NYSE:EQT) had its price objective hoisted by research analysts at Mizuho from $45.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Mizuho’s price target would suggest a potential upside of 5.98% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. Piper Sandler boosted their price target on EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Bank of America assumed coverage on EQT in a research note on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Morgan Stanley upped their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

EQT Trading Down 0.6 %

EQT stock opened at $45.29 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $27.02 billion, a PE ratio of 53.92 and a beta of 1.06. The stock has a 50-day moving average of $38.93 and a two-hundred day moving average of $37.11. EQT has a one year low of $30.02 and a one year high of $48.02.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. EQT’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, research analysts anticipate that EQT will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On EQT

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock worth $2,716,968,000 after buying an additional 20,700,921 shares during the period. Modera Wealth Management LLC purchased a new stake in EQT in the 3rd quarter worth $562,494,000. State Street Corp increased its holdings in EQT by 24.5% in 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 in the last quarter. Geode Capital Management LLC raised its position in EQT by 34.4% during the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock worth $511,159,000 after acquiring an additional 3,582,418 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of EQT in the third quarter valued at about $97,979,000. 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.