EQT Corporation (NYSE:EQT)‘s stock had its “buy” rating reaffirmed by equities research analysts at BMO Capital Markets in a report issued on Tuesday. They presently have a $75.00 price target on the oil and gas producer’s stock. BMO Capital Markets’ target price indicates a potential upside of 16.14% from the company’s previous close.
A number of other research analysts have also recently commented on EQT. Cowen and Company set a $80.00 price target on shares of EQT Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada restated a “hold” rating and set a $78.00 price target on shares of EQT Corporation in a research note on Thursday, July 20th. KLR Group restated a “buy” rating and set a $102.00 price target (up previously from $101.00) on shares of EQT Corporation in a research note on Sunday, July 30th. TheStreet upgraded shares of EQT Corporation from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Finally, BidaskClub cut shares of EQT Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $78.09.
Shares of EQT Corporation (NYSE:EQT) traded down $0.60 on Tuesday, reaching $64.58. 8,251,600 shares of the company’s stock were exchanged, compared to its average volume of 3,076,247. The company has a market capitalization of $10,820.00, a PE ratio of 74.92, a price-to-earnings-growth ratio of 5.46 and a beta of 0.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. EQT Corporation has a 1 year low of $49.63 and a 1 year high of $75.74.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) earnings per share. analysts expect that EQT Corporation will post 0.8 earnings per share for the current fiscal year.
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In related news, Director A. Bray Jr. Cary purchased 406 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Zeke Capital Advisors LLC acquired a new stake in shares of EQT Corporation in the third quarter valued at approximately $212,000. Aureus Asset Management LLC acquired a new stake in shares of EQT Corporation in the second quarter valued at approximately $205,000. OppenheimerFunds Inc. acquired a new stake in shares of EQT Corporation in the first quarter valued at approximately $218,000. Pinebridge Investments L.P. acquired a new stake in shares of EQT Corporation in the second quarter valued at approximately $212,000. Finally, IFP Advisors Inc increased its holdings in shares of EQT Corporation by 6.4% in the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 247 shares in the last quarter. 99.59% of the stock is owned by institutional investors and hedge funds.
About EQT Corporation
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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