EQT (NYSE:EQT) Price Target Raised to $43.00

EQT (NYSE:EQT - Get Free Report) had its price target lifted by research analysts at Mizuho from $40.00 to $43.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "neutral" rating on the oil and gas producer's stock. Mizuho's target price would indicate a potential upside of 5.89% from the stock's previous close.

EQT has been the subject of a number of other research reports. Wells Fargo & Company lowered EQT from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $37.00 in a research note on Wednesday, April 17th. Scotiabank raised shares of EQT from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $40.00 to $52.00 in a research note on Thursday, April 11th. StockNews.com raised shares of EQT to a "sell" rating in a research note on Tuesday, March 12th. Sanford C. Bernstein raised shares of EQT from an "underperform" rating to a "market perform" rating and raised their target price for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, Piper Sandler dropped their price objective on shares of EQT from $47.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, EQT presently has a consensus rating of "Hold" and an average price target of $44.25.

EQT Stock Performance

Shares of NYSE:EQT traded up $0.20 during midday trading on Friday, reaching $40.61. The company had a trading volume of 7,059,854 shares, compared to its average volume of 6,594,755. The company's 50 day moving average price is $36.31 and its 200 day moving average price is $38.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. The stock has a market cap of $17.89 billion, a P/E ratio of 29.28 and a beta of 1.12. EQT has a 52-week low of $30.84 and a 52-week high of $45.23.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.70%. The company's revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. As a group, sell-side analysts anticipate that EQT will post 0.99 EPS for the current fiscal year.

Institutional Investors Weigh In On EQT

A number of large investors have recently modified their holdings of EQT. Global Retirement Partners LLC grew its holdings in shares of EQT by 145.4% in the third quarter. Global Retirement Partners LLC now owns 1,936 shares of the oil and gas producer's stock valued at $77,000 after purchasing an additional 1,147 shares during the period. Czech National Bank raised its holdings in EQT by 47.6% in the third quarter. Czech National Bank now owns 63,210 shares of the oil and gas producer's stock valued at $2,565,000 after acquiring an additional 20,387 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in EQT by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 152,797 shares of the oil and gas producer's stock valued at $6,201,000 after acquiring an additional 2,482 shares in the last quarter. Uncommon Cents Investing LLC purchased a new position in EQT in the third quarter valued at approximately $236,000. Finally, Commonwealth Equity Services LLC increased its stake in EQT by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 118,245 shares of the oil and gas producer's stock valued at $4,798,000 after purchasing an additional 1,124 shares during the last quarter. 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.