EQT (NYSE:EQT) Upgraded by Mizuho to Outperform Rating

EQT (NYSE:EQT - Get Free Report) was upgraded by stock analysts at Mizuho to an "outperform" rating in a report issued on Tuesday, Marketbeat reports. The brokerage presently has a $66.00 target price on the oil and gas producer's stock. Mizuho's price target points to a potential upside of 20.35% from the company's current price.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Barclays initiated coverage on shares of EQT in a research note on Monday. They set an "overweight" rating and a $65.00 price objective on the stock. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Scotiabank reissued a "sector perform" rating and issued a $62.00 price target (up from $57.00) on shares of EQT in a research report on Thursday, May 22nd. Finally, Stephens cut their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.95.

EQT Stock Down 2.4%

EQT stock opened at $54.84 on Tuesday. EQT has a fifty-two week low of $30.02 and a fifty-two week high of $61.02. The company has a market capitalization of $32.84 billion, a price-to-earnings ratio of 96.21, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65. The business's 50 day moving average price is $55.88 and its two-hundred day moving average price is $52.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion for 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, analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of EQT

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of EQT by 14.1% in the 1st quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock worth $85,000 after purchasing an additional 196 shares during the period. EverSource Wealth Advisors LLC increased its holdings in EQT by 26.6% during the fourth 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 during the last quarter. Fidelis Capital Partners LLC raised its position in EQT by 2.6% in the first quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock worth $416,000 after acquiring an additional 207 shares during the period. Generali Investments Management Co LLC boosted its stake in shares of EQT by 14.1% during the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 211 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of EQT by 3.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after acquiring an additional 219 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

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.