EQT (NYSE:EQT) Price Target Raised to $66.00 at Scotiabank

EQT (NYSE:EQT - Get Free Report) had its target price increased by research analysts at Scotiabank from $62.00 to $66.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "sector perform" rating on the oil and gas producer's stock. Scotiabank's price objective indicates a potential upside of 20.79% from the company's current price.

Other equities analysts have also issued research reports about the stock. Stephens dropped their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Barclays started coverage on shares of EQT in a report on Monday. They set an "overweight" rating and a $65.00 price objective on the stock. Roth Capital started coverage on shares of EQT in a report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective on the stock. Citigroup boosted their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Piper Sandler boosted their target price on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Two investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.15.

EQT Trading Up 0.2%

Shares of NYSE:EQT traded up $0.12 during mid-day trading on Friday, reaching $54.64. 1,440,774 shares of the company's stock were exchanged, compared to its average volume of 8,212,441. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 95.87, a PEG ratio of 0.35 and a beta of 0.65. The business's fifty day moving average price is $56.07 and its 200-day moving average price is $52.32. 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 has a twelve month low of $30.02 and a twelve month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 6.59% and a return on equity of 5.52%. On average, research analysts predict that EQT will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On EQT

A number of hedge funds have recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of EQT by 14.1% in the first quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock valued at $85,000 after acquiring an additional 196 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of 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 period. Fidelis Capital Partners LLC increased its position in shares of EQT by 2.6% during the first quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock valued at $416,000 after buying an additional 207 shares during the period. Generali Investments Management Co LLC increased its position in shares of EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock valued at $91,000 after buying an additional 211 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its position in shares of EQT by 3.9% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after buying an additional 219 shares during the period. 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.

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