EQT Corporation (NYSE:EQT) Receives $64.26 Average PT from Brokerages

EQT Corporation (NYSE:EQT) has received a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $64.2609.

Several brokerages have recently commented on EQT. Wall Street Zen raised EQT from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Wells Fargo & Company reduced their price objective on EQT from $68.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. JPMorgan Chase & Co. lifted their target price on EQT from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Jefferies Financial Group reiterated a “buy” rating on shares of EQT in a report on Sunday. Finally, Capital One Financial decreased their price target on shares of EQT from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, January 8th.

EQT Stock Performance

Shares of EQT opened at $51.46 on Friday. EQT has a one year low of $43.57 and a one year high of $62.23. The company has a 50-day moving average of $55.64 and a two-hundred day moving average of $54.25. The stock has a market cap of $32.12 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 0.38 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. EQT had a net margin of 22.59% and a return on equity of 6.88%. The firm’s revenue was up 52.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, equities research analysts expect that EQT will post 3.27 earnings per share for the current year.

Insider Activity at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $52.79, for a total transaction of $75,067.38. Following the transaction, the executive vice president directly owned 69,486 shares in the company, valued at $3,668,165.94. The trade was a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQT. Aventura Private Wealth LLC acquired a new position in EQT in the 4th quarter worth about $31,000. Fortitude Family Office LLC grew its stake in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 280 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of EQT in the 2nd quarter valued at approximately $41,000. Anchor Investment Management LLC increased its holdings in EQT by 133.3% in the second quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 500 shares during the last quarter. Finally, Private Trust Co. NA raised its position in EQT by 38.1% during the second quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock valued at $60,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.