EQT Corporation (NYSE:EQT) has been given a $79.00 target price by analysts at Scotiabank in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Scotiabank’s price target points to a potential upside of 28.96% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. TheStreet raised shares of EQT Corporation from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Scotia Howard Weill raised shares of EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $78.00 price target on shares of EQT Corporation in a research note on Thursday, July 20th. BMO Capital Markets set a $70.00 price target on shares of EQT Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine cut shares of EQT Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.75.
EQT Corporation (EQT) opened at 61.26 on Tuesday. The stock has a 50 day moving average price of $62.01 and a 200-day moving average price of $59.74. The stock has a market capitalization of $10.62 billion, a PE ratio of 2187.86 and a beta of 0.77. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The business had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. During the same quarter in the prior year, the company posted ($0.35) EPS. The business’s revenue for the quarter was up 720.1% on a year-over-year basis. On average, equities analysts anticipate that EQT Corporation will post $1.04 earnings per share for the current fiscal year.
In other EQT Corporation news, insider David E. Jr. Schlosser purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 22nd. The stock was bought at an average price of $50.96 per share, with a total value of $509,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Joseph Mcnally purchased 1,500 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average cost of $50.00 per share, with a total value of $75,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 41,901 shares of company stock valued at $2,211,775 in the last three months. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd acquired a new position in shares of EQT Corporation during the first quarter valued at approximately $110,000. Invictus RG acquired a new position in shares of EQT Corporation during the first quarter valued at approximately $119,000. Pacer Advisors Inc. boosted its position in shares of EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares in the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of EQT Corporation during the first quarter valued at approximately $211,000. Finally, Fisher Asset Management LLC boosted its position in shares of EQT Corporation by 7.0% in the first quarter. Fisher Asset Management LLC now owns 3,474 shares of the oil and gas producer’s stock valued at $212,000 after buying an additional 226 shares in the last quarter. 90.07% of the stock is owned by institutional investors.
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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