EQT (NYSE:EQT) Price Target Raised to $35.00

EQT (NYSE:EQT) had its target price lifted by Piper Sandler from $34.00 to $35.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the oil and gas producer’s stock.

A number of other analysts have also commented on the company. Mizuho raised EQT from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 target price for the company in a research report on Wednesday, January 15th. 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 research note on Friday, October 4th. StockNews.com raised EQT to a “sell” rating in a research report on Monday, December 30th. Finally, Wells Fargo & Company increased their target price on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.94.

EQT Trading Down 1.2 %

Shares of EQT opened at $51.03 on Wednesday. The stock has a market capitalization of $30.45 billion, a P/E ratio of 60.75, a PEG ratio of 0.58 and a beta of 1.12. EQT has a twelve month low of $30.02 and a twelve month high of $54.85. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $47.21 and a two-hundred day simple moving average of $39.72.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the business earned $0.30 EPS. EQT’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that EQT will post 1.4 EPS for the current year.

Insider Transactions at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EQT. Global Retirement Partners LLC increased its position in shares of EQT by 86.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,696 shares of the oil and gas producer’s stock valued at $124,000 after purchasing an additional 1,249 shares during the last quarter. Callahan Advisors LLC increased its holdings in EQT by 2.0% during the fourth quarter. Callahan Advisors LLC now owns 335,946 shares of the oil and gas producer’s stock valued at $15,490,000 after buying an additional 6,744 shares during the last quarter. D.A. Davidson & CO. raised its position in EQT by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after acquiring an additional 762 shares during the period. Truist Financial Corp grew its position in shares of EQT by 18.0% during the 4th quarter. Truist Financial Corp now owns 28,638 shares of the oil and gas producer’s stock valued at $1,321,000 after acquiring an additional 4,375 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of EQT by 4.8% in the 4th quarter. CIBC Asset Management Inc now owns 90,492 shares of the oil and gas producer’s stock worth $4,173,000 after purchasing an additional 4,139 shares in the last quarter. 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.