EQT Corporation (NYSE:EQT) received a $80.00 price objective from research analysts at Cowen and Company in a research report issued to clients and investors on Wednesday, October 18th. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Cowen and Company’s target price would suggest a potential upside of 25.33% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Scotiabank set a $77.00 price target on shares of EQT Corporation and gave the stock a “hold” rating in a research report on Saturday, July 1st. TheStreet raised shares of EQT Corporation from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. BMO Capital Markets set a $70.00 price target on shares of EQT Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $78.00 price target on shares of EQT Corporation in a research report on Thursday, July 20th. Finally, KLR Group reissued a “buy” rating and set a $102.00 price target (up from $101.00) on shares of EQT Corporation in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.09.
Shares of EQT Corporation (NYSE:EQT) traded up $1.05 during mid-day trading on Wednesday, reaching $63.83. 3,651,505 shares of the company’s stock were exchanged, compared to its average volume of 3,420,000. EQT Corporation has a 1 year low of $49.63 and a 1 year high of $75.74. The company has a market capitalization of $11,020.00, a PE ratio of 72.16, a PEG ratio of 5.32 and a beta of 0.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29.
EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The firm had revenue of $660.30 million for the quarter, compared to analysts’ expectations of $667.05 million. During the same period last year, the firm earned ($0.26) earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. analysts forecast that EQT Corporation will post 0.79 EPS for the current year.
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In other EQT Corporation news, Director A. Bray Jr. Cary purchased 406 shares of the stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of EQT Corporation during the 1st quarter worth about $70,942,000. Renaissance Technologies LLC acquired a new position in shares of EQT Corporation during the 1st quarter worth about $32,701,000. Aristotle Capital Management LLC increased its stake in shares of EQT Corporation by 8.9% during the 1st quarter. Aristotle Capital Management LLC now owns 3,379,750 shares of the oil and gas producer’s stock worth $206,502,000 after purchasing an additional 276,368 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of EQT Corporation by 13.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock worth $136,412,000 after purchasing an additional 270,054 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in shares of EQT Corporation by 6.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 3,142,162 shares of the oil and gas producer’s stock worth $184,099,000 after purchasing an additional 181,277 shares during the last quarter. Hedge funds and other institutional investors own 90.54% of the company’s stock.
EQT Corporation Company Profile
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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