EQT (NYSE:EQT) Price Target Raised to $45.00 at Mizuho

EQT (NYSE:EQT) had its price target increased by stock analysts at Mizuho from $41.00 to $45.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas producer’s stock. Mizuho’s price objective would suggest a potential upside of 19.46% from the stock’s previous close.

EQT has been the topic of a number of other research reports. Morgan Stanley restated an “overweight” rating and issued a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Scotiabank lifted their price objective on shares of EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. UBS Group lifted their price objective on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Finally, Citigroup upgraded shares of EQT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $44.00 in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.83.

EQT Trading Up 2.4 %

Shares of NYSE EQT traded up $0.87 during midday trading on Tuesday, reaching $37.67. The stock had a trading volume of 2,388,662 shares, compared to its average volume of 7,015,789. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 44.85 and a beta of 1.06. EQT has a twelve month low of $30.02 and a twelve month high of $44.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50 day moving average price is $35.31 and its 200 day moving average price is $36.61.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. As a group, sell-side analysts expect that EQT will post 1.42 EPS for the current year.

Hedge Funds Weigh In On EQT

A number of hedge funds have recently bought and sold shares of EQT. Price T Rowe Associates Inc. MD boosted its holdings in shares of EQT by 22.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,877,405 shares of the oil and gas producer’s stock worth $2,405,007,000 after buying an additional 11,993,729 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after buying an additional 3,942,802 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of EQT by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,348,475 shares of the oil and gas producer’s stock worth $752,487,000 after buying an additional 464,781 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of EQT in the 3rd quarter worth about $562,494,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of EQT by 2.9% in the 2nd quarter. Clearbridge Investments LLC now owns 9,084,686 shares of the oil and gas producer’s stock worth $335,952,000 after buying an additional 253,186 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

About EQT

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.