EQT (NYSE:EQT) Rating Increased to Outperform at Mizuho

EQT (NYSE:EQT - Get Free Report) was upgraded by stock analysts at Mizuho to an "outperform" rating in a research note issued on Tuesday, Marketbeat reports. The brokerage presently has a $66.00 target price on the oil and gas producer's stock. Mizuho's target price suggests a potential upside of 19.57% from the stock's previous close.

EQT has been the topic of several other reports. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Barclays initiated coverage on EQT in a research note on Monday. They set an "overweight" rating and a $65.00 target price on the stock. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Wells Fargo & Company boosted their target price on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Morgan Stanley boosted their target price on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and an average price target of $59.95.

EQT Stock Up 0.6%

Shares of EQT traded up $0.34 during trading hours on Tuesday, hitting $55.20. The company had a trading volume of 2,923,073 shares, compared to its average volume of 7,988,657. The company has a market capitalization of $33.05 billion, a PE ratio of 96.79, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. EQT has a one year low of $30.02 and a one year high of $61.02. The company's fifty day moving average price is $55.88 and its two-hundred day moving average price is $52.23.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. As a group, equities analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EQT

Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation National Association UT purchased a new stake in EQT in the 1st quarter worth approximately $35,000. Harbour Investments Inc. lifted its position in shares of EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock valued at $37,000 after buying an additional 226 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its position in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after buying an additional 205 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of EQT during the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

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.