EQT (NYSE:EQT) Upgraded at Stephens

EQT (NYSE:EQT) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday,Finviz reports. The brokerage currently has a $59.00 price target on the oil and gas producer’s stock, up from their previous price target of $41.00. Stephens’ price objective points to a potential upside of 14.41% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $55.00 to $54.00 in a report on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of EQT from $52.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Piper Sandler boosted their price target on shares of EQT from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. boosted their price target on shares of EQT from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Finally, Jefferies Financial Group boosted their price target on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.22.

EQT Stock Up 1.7 %

EQT stock opened at $51.57 on Tuesday. The firm has a market cap of $30.81 billion, a PE ratio of 128.93, a PEG ratio of 0.64 and a beta of 1.12. 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 firm’s 50 day moving average price is $50.90 and its 200-day moving average price is $43.72. EQT has a one year low of $30.02 and a one year high of $56.66.

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

Institutional Investors Weigh In On EQT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in EQT in the third quarter valued at $30,000. Quarry LP raised its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT in the third quarter valued at about $36,000. Financial Avengers Inc. raised its holdings in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 504 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. raised its holdings in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 310 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.