EQT (NYSE:EQT) PT Raised to $47.00 at Stephens

EQT (NYSE:EQT) had its price target raised by analysts at Stephens from $46.00 to $47.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the oil and gas producer’s stock. Stephens’ target price suggests a potential upside of 16.31% from the company’s previous close.

Several other research analysts also recently commented on EQT. Piper Sandler dropped their target price on shares of EQT from $47.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. Wells Fargo & Company downgraded shares of EQT from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $37.00 in a report on Wednesday, April 17th. Truist Financial dropped their target price on shares of EQT from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Morgan Stanley lifted their target price on shares of EQT from $37.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, EQT presently has an average rating of “Hold” and a consensus price target of $44.06.

EQT Stock Up 2.5 %

EQT stock opened at $40.41 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. EQT has a 1 year low of $30.84 and a 1 year high of $45.23. The company has a fifty day simple moving average of $36.31 and a 200 day simple moving average of $38.01. The firm has a market cap of $17.80 billion, a PE ratio of 29.28 and a beta of 1.12.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.70%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $1.70 EPS. EQT’s quarterly revenue was down 28.8% compared to the same quarter last year. Sell-side analysts anticipate that EQT will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On EQT

A number of institutional investors and hedge funds have recently modified their holdings of EQT. Wellington Management Group LLP raised its stake in shares of EQT by 61.9% during the third quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock worth $798,923,000 after buying an additional 7,526,875 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of EQT by 27.9% during the first quarter. Bank of New York Mellon Corp now owns 19,883,694 shares of the oil and gas producer’s stock worth $737,089,000 after buying an additional 4,339,407 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of EQT by 8.6% during the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock worth $1,822,027,000 after buying an additional 3,539,661 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of EQT by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock worth $2,044,484,000 after buying an additional 3,159,700 shares during the last quarter. Finally, Boston Partners raised its stake in shares of EQT by 4,680.4% during the fourth quarter. Boston Partners now owns 2,868,030 shares of the oil and gas producer’s stock worth $110,854,000 after buying an additional 2,808,034 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

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.