EQT (NYSE:EQT) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

EQT (NYSE:EQT) had its price objective upped by equities research analysts at The Goldman Sachs Group from $59.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 23.57% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Truist Financial increased their price target on shares of EQT from $41.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Morgan Stanley boosted their target price on shares of EQT from $45.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Company increased their price target on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.22.

EQT Stock Down 0.6 %

EQT stock traded down $0.35 during midday trading on Wednesday, reaching $53.41. The company’s stock had a trading volume of 1,458,214 shares, compared to its average volume of 7,881,147. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $54.85. The company has a market cap of $31.87 billion, a P/E ratio of 63.52, a P/E/G ratio of 0.62 and a beta of 1.08. 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 business has a 50-day simple moving average of $48.32 and a 200-day simple moving average of $40.73.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. The trade was a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its position in shares of EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 193 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 205 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of EQT by 4.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in EQT by 15.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 236 shares in the last quarter. Finally, Radnor Capital Management LLC raised its holdings in shares of EQT by 0.4% in the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer’s stock worth $2,810,000 after purchasing an additional 237 shares in the last quarter. 90.81% of the stock is currently 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.