EQT (NYSE:EQT) Now Covered by Analysts at Roth Capital

Roth Capital started coverage on shares of EQT (NYSE:EQT - Get Free Report) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $69.00 price target on the oil and gas producer's stock. Roth Capital's price objective indicates a potential upside of 16.28% from the stock's current price.

A number of other equities analysts also recently issued reports on EQT. Citigroup increased 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. JPMorgan Chase & Co. increased their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, April 8th. Morgan Stanley increased their price target on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

EQT Stock Performance

Shares of EQT stock opened at $59.34 on Tuesday. The stock's 50-day moving average price is $54.34 and its 200 day moving average price is $51.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $35.52 billion, a PE ratio of 104.11, a price-to-earnings-growth ratio of 0.37 and a beta of 0.65. EQT has a 52-week low of $30.02 and a 52-week high of $61.02.

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. EQT had a return on equity of 5.52% and a net margin of 6.59%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. As a group, equities research analysts forecast that EQT will post 3.27 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. Vanguard Group Inc. boosted its holdings in shares of EQT by 2.1% during the first quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer's stock valued at $3,955,922,000 after acquiring an additional 1,509,054 shares during the period. Geode Capital Management LLC increased its stake in shares of EQT by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock valued at $663,552,000 after purchasing an additional 429,733 shares during the period. Capital International Investors raised its holdings in shares of EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after buying an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after acquiring an additional 1,774,696 shares during the period. Finally, Invesco Ltd. grew its position in shares of EQT by 46.3% in the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after purchasing an additional 4,162,065 shares during the last quarter. Institutional investors and hedge funds 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.

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