EQT (NYSE:EQT) Earns Buy Rating from Analysts at Truist Financial

Investment analysts at Truist Financial started coverage on shares of EQT (NYSE:EQTGet Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $74.00 price target on the oil and gas producer’s stock. Truist Financial’s target price indicates a potential upside of 13.23% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. BMO Capital Markets boosted their target price on shares of EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Mizuho upped their target price on shares of EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. The Goldman Sachs Group decreased their price target on shares of EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Finally, Piper Sandler raised their price target on shares of EQT from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.70.

Get Our Latest Stock Analysis on EQT

EQT Stock Performance

NYSE:EQT opened at $65.35 on Tuesday. EQT has a 1 year low of $43.57 and a 1 year high of $67.15. The firm has a 50 day moving average of $58.34 and a 200-day moving average of $56.16. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $40.84 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 0.43 and a beta of 0.72.

EQT (NYSE:EQTGet Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. As a group, sell-side analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Insider Activity at EQT

In other EQT news, CAO Todd James sold 32,514 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the completion of the sale, the chief accounting officer owned 58,796 shares in the company, valued at approximately $3,593,611.52. The trade was a 35.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the transaction, the executive vice president directly owned 52,953 shares in the company, valued at approximately $3,414,938.97. This trade represents a 8.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,158 shares of company stock worth $3,742,983 over the last ninety days. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

Institutional investors have recently made changes to their positions in the stock. Westpac Banking Corp increased its holdings in EQT by 6.6% in the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC boosted its holdings in EQT by 1.0% during the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after buying an additional 198 shares during the last quarter. Rothschild Investment LLC grew its position in shares of EQT by 0.5% during the 4th quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after buying an additional 215 shares during the period. Fortitude Family Office LLC grew its position in shares of EQT by 95.6% during the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 280 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in shares of EQT by 4.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after acquiring an additional 456 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Key EQT News

Here are the key news stories impacting EQT this week:

EQT Company Profile

(Get Free Report)

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.

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Analyst Recommendations for EQT (NYSE:EQT)

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