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

EQT (NYSE:EQT) had its target price upped by stock analysts at Mizuho from $57.00 to $60.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the oil and gas producer’s stock. Mizuho’s price target indicates a potential upside of 12.10% from the company’s previous close.

Several other equities research analysts have also recently commented on EQT. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. UBS Group increased their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Piper Sandler raised their price target on EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. Finally, Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, EQT has a consensus rating of “Moderate Buy” and an average price target of $55.28.

EQT Stock Up 1.0 %

Shares of EQT stock opened at $53.52 on Tuesday. EQT has a 52-week low of $30.02 and a 52-week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The business’s 50 day simple moving average is $51.39 and its 200 day simple moving average is $45.16. The firm has a market cap of $31.98 billion, a PE ratio of 133.81, a P/E/G ratio of 0.64 and a beta of 1.12.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. EQT had a net margin of 4.37% and a return on equity of 4.35%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP lifted its holdings in EQT by 184.7% during the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the last quarter. Financial Avengers Inc. increased its position in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the period. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 193 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.