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

EQT (NYSE:EQT - Get Free Report) had its price objective lifted by stock analysts at Royal Bank Of Canada from $55.00 to $60.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "sector perform" rating on the oil and gas producer's stock. Royal Bank Of Canada's price target points to a potential upside of 9.41% from the company's current price.

EQT has been the subject of several other reports. TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Tuesday, April 8th. Stephens decreased their target price on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Mizuho began coverage on EQT in a research report on Tuesday. They set an "outperform" rating and a $66.00 target price on the stock. Citigroup upped their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Two 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. Based on data from MarketBeat, EQT currently has a consensus rating of "Moderate Buy" and an average price target of $59.95.

EQT Price Performance

Shares of EQT traded down $1.32 during midday trading on Tuesday, reaching $54.84. The stock had a trading volume of 9,846,612 shares, compared to its average volume of 8,007,688. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $32.84 billion, a P/E ratio of 29.40, a P/E/G ratio of 0.35 and a beta of 0.65. The firm's 50 day moving average price is $55.81 and its 200-day moving average price is $52.21. EQT has a 52 week low of $30.02 and a 52 week 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 the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. On average, analysts forecast that EQT will post 3.27 earnings per share for the current fiscal year.

Institutional Trading of EQT

Large investors have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT acquired a new stake in EQT in the 1st quarter worth approximately $35,000. Harbour Investments Inc. boosted its holdings 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 worth $37,000 after buying an additional 226 shares during the period. University of Texas Texas AM Investment Management Co. grew its stake in EQT by 47.7% in 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 during the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $45,000 after buying an additional 205 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in EQT during the 4th quarter worth $55,000. 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.