EQT Corporation (NYSE:EQT) received a $79.00 price target from Royal Bank Of Canada in a research report issued to clients and investors on Saturday, October 7th. The firm presently has a “hold” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 26.28% from the stock’s current price.
EQT has been the topic of a number of other research reports. BMO Capital Markets reissued a “buy” rating and set a $75.00 price target on shares of EQT Corporation in a research report on Friday, September 1st. Scotiabank set a $79.00 target price on EQT Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. TheStreet raised EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Seaport Global Securities raised EQT Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $57.00 to $79.00 in a research report on Tuesday, September 26th. Finally, Morgan Stanley upped their target price on EQT Corporation from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $79.45.
EQT Corporation (EQT) traded up 0.96% during mid-day trading on Friday, reaching $63.16. The company’s stock had a trading volume of 949,693 shares. The company has a 50 day moving average of $63.44 and a 200-day moving average of $60.57. The stock has a market cap of $10.95 billion, a PE ratio of 2255.71 and a beta of 0.77. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $75.74.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $631.10 million for the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The business’s revenue was up 720.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.35) earnings per share. Equities analysts forecast that EQT Corporation will post $0.91 earnings per share for the current year.
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In related news, Director A. Bray Jr. Cary purchased 406 shares of EQT Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average price of $65.24 per share, with a total value of $26,487.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. Point72 Asia Hong Kong Ltd bought a new stake in EQT Corporation during the first quarter worth $110,000. Invictus RG bought a new stake in EQT Corporation during the first quarter worth $119,000. Pacer Advisors Inc. lifted its stake in EQT Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after purchasing an additional 99 shares during the last quarter. Aureus Asset Management LLC bought a new stake in EQT Corporation during the second quarter worth $205,000. Finally, Pinebridge Investments L.P. bought a new stake in EQT Corporation during the second quarter worth $212,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.
About EQT Corporation
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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