EQT (NYSE:EQT) Stock Price Expected to Rise, Stephens Analyst Says

EQT (NYSE:EQTGet Free Report) had its target price lifted by stock analysts at Stephens from $71.00 to $72.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Stephens’ target price suggests a potential upside of 40.13% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Wells Fargo & Company upped their price objective on EQT from $70.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Wolfe Research lifted their target price on EQT from $64.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Freedom Capital upgraded EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group dropped their price target on EQT from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut EQT from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.21.

View Our Latest Stock Report on EQT

EQT Stock Performance

Shares of EQT stock opened at $51.38 on Wednesday. The firm has a market cap of $32.14 billion, a PE ratio of 9.83 and a beta of 0.55. The firm’s 50-day simple moving average is $53.02 and its 200-day simple moving average is $56.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 0.66. EQT has a 1 year low of $47.94 and a 1 year high of $68.24.

EQT (NYSE:EQTGet Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. EQT had a return on equity of 9.74% and a net margin of 31.94%.During the same period in the previous year, the business posted $0.45 EPS. Equities analysts forecast that EQT will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at EQT

In other news, CEO Toby Z. Rice sold 96,983 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $54.28, for a total transaction of $5,264,237.24. Following the completion of the transaction, the chief executive officer directly owned 2,334,924 shares of the company’s stock, valued at approximately $126,739,674.72. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky A. Bailey sold 4,116 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The disclosure for this sale is available in the SEC filing. Insiders sold 102,830 shares of company stock worth $5,602,913 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. Parallel Advisors LLC increased its holdings in shares of EQT by 1.0% during the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC lifted its holdings in EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 202 shares during the period. Rothschild Investment LLC lifted its holdings in EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after purchasing an additional 215 shares during the period. EverSource Wealth Advisors LLC grew its position in EQT by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock valued at $392,000 after buying an additional 236 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Key EQT News

Here are the key news stories impacting EQT this week:

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.

Featured Articles

Analyst Recommendations for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.