S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48
S&P 500   4,532.76
DOW   35,028.65
QQQ   366.48

EQT (NYSE:EQT) PT Lowered to $31.00

Friday, January 14, 2022 | MarketBeat

EQT (NYSE:EQT) had its price target cut by research analysts at Truist Securities from $34.00 to $31.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has a "buy" rating on the oil and gas producer's stock. Truist Securities' price target indicates a potential upside of 30.64% from the stock's current price.

A number of other research firms have also weighed in on EQT. JPMorgan Chase & Co. upgraded shares of EQT from a "neutral" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research note on Friday, October 29th. They noted that the move was a valuation call. Truist lowered their price target on shares of EQT from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Friday. Mizuho increased their price objective on shares of EQT from $29.00 to $35.00 and gave the company a "buy" rating in a report on Monday, October 18th. Finally, Morgan Stanley raised shares of EQT from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $24.00 to $31.00 in a report on Friday, November 19th. Thirteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $27.91.

Shares of NYSE EQT traded up $0.22 during trading hours on Friday, hitting $23.73. 52,579 shares of the stock were exchanged, compared to its average volume of 5,345,425. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.75. The company has a market cap of $8.97 billion, a PE ratio of -2.69, a PEG ratio of 0.37 and a beta of 1.13. The firm has a fifty day moving average price of $21.35 and a 200-day moving average price of $20.33. EQT has a 12 month low of $15.35 and a 12 month high of $24.83.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 26th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.05) by $0.17. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the company posted ($0.15) EPS. As a group, equities analysts anticipate that EQT will post 1.03 earnings per share for the current fiscal year.

EQT announced that its board has initiated a stock buyback program on Monday, December 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the oil and gas producer to purchase up to 13.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in EQT. Dark Forest Capital Management LP increased its position in EQT by 1,602.0% during the third quarter. Dark Forest Capital Management LP now owns 2,502 shares of the oil and gas producer's stock worth $51,000 after purchasing an additional 2,355 shares during the last quarter. Fifth Third Bancorp increased its position in EQT by 6,854.3% during the third quarter. Fifth Third Bancorp now owns 4,868 shares of the oil and gas producer's stock worth $100,000 after purchasing an additional 4,798 shares during the last quarter. JFS Wealth Advisors LLC increased its position in EQT by 165.0% during the third quarter. JFS Wealth Advisors LLC now owns 4,987 shares of the oil and gas producer's stock worth $102,000 after purchasing an additional 3,105 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of EQT during the second quarter valued at about $104,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of EQT by 11.5% during the second quarter. Rockefeller Capital Management L.P. now owns 5,529 shares of the oil and gas producer's stock valued at $122,000 after acquiring an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 88.30% of the company's stock.

EQT Company Profile

EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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Analyst Recommendations for EQT (NYSE:EQT)

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