UBS Group Raises EQT (NYSE:EQT) Price Target to $54.00

EQT (NYSE:EQT) had its price target lifted by UBS Group from $49.00 to $54.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas producer’s stock. UBS Group’s price objective suggests a potential upside of 0.96% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Stephens lifted their price objective on EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Scotiabank cut EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Bank of America assumed coverage on EQT in a report on Monday, October 28th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

EQT Price Performance

Shares of NYSE EQT opened at $53.49 on Thursday. The stock has a market capitalization of $31.91 billion, a PE ratio of 63.67, a P/E/G ratio of 0.62 and a beta of 1.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The business has a fifty day moving average price of $48.64 and a two-hundred day moving average price of $40.89. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $54.85.

Insider Buying and Selling at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On EQT

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its position in shares of EQT by 104.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock valued at $2,327,000 after purchasing an additional 32,484 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of EQT by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after purchasing an additional 16,416 shares in the last quarter. FMR LLC raised its stake in EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer’s stock worth $41,520,000 after buying an additional 28,129 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in EQT by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock worth $1,914,000 after buying an additional 5,489 shares during the period. 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.