Shares of EQT Co. (NYSE:EQT) have earned an average recommendation of "Buy" from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $24.92.
A number of research firms have weighed in on EQT. Truist lifted their price objective on shares of EQT from $29.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, October 7th. Truist Securities lifted their price objective on shares of EQT from $29.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, October 7th. Morgan Stanley lifted their price objective on shares of EQT from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Wednesday, October 6th. Citigroup started coverage on shares of EQT in a research note on Monday, August 30th. They set a "buy" rating and a $23.00 target price for the company. Finally, Mizuho cut their target price on shares of EQT from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, August 13th.
EQT opened at $19.85 on Thursday. EQT has a fifty-two week low of $12.27 and a fifty-two week high of $23.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.59 and a current ratio of 0.59. The company has a fifty day moving average of $19.22 and a two-hundred day moving average of $19.82. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of -3.53, a PEG ratio of 1.43 and a beta of 1.28.
EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 27th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. EQT had a negative net margin of 28.97% and a positive return on equity of 0.67%. The company had revenue of $996.88 million during the quarter, compared to analysts' expectations of $1 billion. On average, equities research analysts forecast that EQT will post 0.48 earnings per share for the current year.
In related news, CEO Toby Z. Rice bought 28,000 shares of the stock in a transaction dated Monday, August 2nd. The stock was acquired at an average price of $17.83 per share, for a total transaction of $499,240.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.52% of the company's stock.
Several institutional investors have recently modified their holdings of EQT. PNC Managed Account Solutions Inc. acquired a new position in shares of EQT in the 2nd quarter valued at $32,000. Capital Analysts LLC acquired a new position in shares of EQT in the 1st quarter valued at $74,000. Rockefeller Capital Management L.P. boosted its stake in EQT by 20.1% during the 1st quarter. Rockefeller Capital Management L.P. now owns 4,958 shares of the oil and gas producer's stock worth $92,000 after purchasing an additional 831 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in EQT during the 2nd quarter worth $104,000. Finally, FORA Capital LLC acquired a new stake in EQT during the 2nd quarter worth $156,000. Institutional investors and hedge funds own 97.58% 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.
Recommended Story: What is the operating income formula?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here