EQT (NYSE:EQT) Price Target Raised to $60.00

EQT (NYSE:EQT) had its price objective upped by equities research analysts at Citigroup from $51.00 to $60.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Citigroup’s price objective would indicate a potential upside of 16.90% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group raised their price target on shares of EQT from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Piper Sandler upped their price objective on shares of EQT from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. Finally, Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and raised their target price for the company from $48.00 to $57.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, EQT has an average rating of “Hold” and a consensus price target of $53.06.

EQT Trading Up 1.2 %

NYSE EQT traded up $0.61 on Monday, reaching $51.33. The company had a trading volume of 2,913,565 shares, compared to its average volume of 7,266,841. The firm has a market cap of $30.66 billion, a price-to-earnings ratio of 128.23, a P/E/G ratio of 0.64 and a beta of 1.12. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. The business has a 50 day moving average of $50.82 and a two-hundred day moving average of $43.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51.

EQT (NYSE:EQT) last announced its 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. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Analysts forecast that EQT will post 3.27 EPS for the current year.

Hedge Funds Weigh In On EQT

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 193 shares during the period. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock worth $45,000 after purchasing an additional 205 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 223 shares in the last quarter. Huntington National Bank lifted its holdings in shares of EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after buying an additional 224 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 236 shares during the period. 90.81% of the stock is owned by 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.