EQT (NYSE:EQT) Rating Increased to Strong-Buy at TD Cowen

EQT (NYSE:EQT) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Piper Sandler lifted their price objective on EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Citigroup decreased their price target on EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Siebert Williams Shank upped their price objective on shares of EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. decreased their target price on shares of EQT from $64.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of EQT from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.77.

EQT Stock Down 1.2%

Shares of EQT opened at $56.12 on Monday. EQT has a 12 month low of $43.57 and a 12 month high of $62.23. The firm’s 50 day moving average is $54.74 and its 200-day moving average is $54.23. The stock has a market capitalization of $35.02 billion, a PE ratio of 19.22, a P/E/G ratio of 0.47 and a beta of 0.74. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On EQT

Institutional investors and hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. grew its holdings in EQT by 8,000.9% in the third quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock worth $8,351,000 after purchasing an additional 151,537 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of EQT by 116.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after buying an additional 287,538 shares during the period. First American Bank bought a new stake in EQT in the 3rd quarter valued at about $1,915,000. Whittier Trust Co. increased its position in EQT by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 302,900 shares of the oil and gas producer’s stock valued at $17,662,000 after buying an additional 7,647 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. raised its stake in EQT by 97.1% during the 3rd quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer’s stock worth $12,002,000 after buying an additional 108,600 shares during the period. 90.81% of the stock is currently owned by institutional investors.

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.