EQT (NYSE:EQT) Upgraded at Stephens

EQT (NYSE:EQT) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday,Finviz reports. The brokerage currently has a $59.00 price target on the oil and gas producer’s stock, up from their previous price target of $41.00. Stephens’ price target would indicate a potential upside of 14.41% from the stock’s current price.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Morgan Stanley upped 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. Mizuho upgraded shares of EQT from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Finally, Jefferies Financial Group upped their target price on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.22.

EQT Trading Up 1.7 %

Shares of EQT stock opened at $51.57 on Tuesday. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company’s 50-day simple moving average is $50.90 and its 200-day simple moving average is $43.72. The firm has a market cap of $30.81 billion, a price-to-earnings ratio of 128.93, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. As a group, equities research analysts anticipate that EQT will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently modified their holdings of EQT. Atria Investments Inc purchased a new position in shares of EQT during the third quarter valued at approximately $201,000. Oppenheimer Asset Management Inc. raised its stake in EQT by 28.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,875 shares of the oil and gas producer’s stock worth $692,000 after purchasing an additional 4,145 shares during the period. Oppenheimer & Co. Inc. raised its stake in EQT by 245.8% during the third quarter. Oppenheimer & Co. Inc. now owns 26,387 shares of the oil and gas producer’s stock worth $967,000 after purchasing an additional 18,757 shares during the period. KBC Group NV raised its stake in EQT by 112.7% during the third quarter. KBC Group NV now owns 41,637 shares of the oil and gas producer’s stock worth $1,526,000 after purchasing an additional 22,064 shares during the period. Finally, CIBC Asset Management Inc raised its stake in EQT by 45.9% during the third quarter. CIBC Asset Management Inc now owns 86,353 shares of the oil and gas producer’s stock worth $3,164,000 after purchasing an additional 27,147 shares during the period. Hedge funds and other 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.