EQT (NYSE:EQT) Now Covered by Truist Financial

Investment analysts at Truist Financial began coverage on shares of EQT (NYSE:EQTGet Free Report) in a research report issued on Tuesday. The firm set a “buy” rating and a $74.00 price target on the oil and gas producer’s stock. Truist Financial’s target price would indicate a potential upside of 13.23% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Zacks Research raised EQT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Sanford C. Bernstein boosted their price objective on EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Jefferies Financial Group restated a “buy” rating on shares of EQT in a research note on Sunday, January 18th. JPMorgan Chase & Co. lifted their price target on EQT from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. Finally, TD Cowen upped their price target on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.70.

View Our Latest Stock Report on EQT

EQT Price Performance

Shares of EQT stock opened at $65.35 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $58.34 and a 200-day simple moving average of $56.16. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.43 and a beta of 0.72. EQT has a 1-year low of $43.57 and a 1-year high of $67.15.

EQT (NYSE:EQTGet Free Report) last announced its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, topping the consensus estimate of $0.76 by $0.14. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.13 billion. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. On average, sell-side analysts expect that EQT will post 3.27 earnings per share for the current year.

Insider Transactions at EQT

In related news, CAO Todd James sold 32,514 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $61.12, for a total value of $1,987,255.68. Following the completion of the transaction, the chief accounting officer owned 58,796 shares of the company’s stock, valued at $3,593,611.52. This represents a 35.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $64.49, for a total transaction of $314,453.24. Following the transaction, the executive vice president owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. This represents a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 61,158 shares of company stock valued at $3,742,983. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

Large investors have recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. acquired a new position in shares of EQT in the 4th quarter worth approximately $26,000. Aventura Private Wealth LLC acquired a new stake in EQT in the 4th quarter valued at $31,000. Fortitude Family Office LLC grew its position in EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in EQT in the second quarter valued at $41,000. Finally, Elyxium Wealth LLC acquired a new position in EQT during the fourth quarter worth $49,000. 90.81% of the stock is currently owned by institutional investors.

More EQT News

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EQT Company Profile

(Get Free Report)

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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Analyst Recommendations for EQT (NYSE:EQT)

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