EQT Corp. Reaches New 12-Month High at $89.52 (EQT)
EQT Corp. (NYSE:EQT)’s share price reached a new 52-week high during trading on Friday, Stock Ratings Network reports. The stock traded as high as $89.52 and last traded at $88.59, with a volume of 970,722 shares traded. The stock had previously closed at $87.22.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of EQT Corp. (NYSE:EQT) from $95.00 to $99.00 in a research note to investors on Wednesday, August 28th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of EQT Corp. (NYSE:EQT) in a research note to investors on Thursday, August 8th. They now have a $88.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of EQT Corp. (NYSE:EQT) from $100.00 to $105.00 in a research note to investors on Monday, July 29th. They now have a “sector outperform” rating on the stock.
Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.23.
EQT Corp. has a 1-year low of $56.35 and a 1-year high of $88.23. The stock’s 50-day moving average is $85.23 and its 200-day moving average is $76.90. The company has a market cap of $13.290 billion and a price-to-earnings ratio of 49.25.
EQT Corp. (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $520.10 million for the quarter, compared to the consensus estimate of $477.47 million. During the same quarter last year, the company posted $0.21 earnings per share. EQT Corp.’s revenue was up 54.0% compared to the same quarter last year. On average, analysts predict that EQT Corp. will post $2.46 earnings per share for the current fiscal year.
EQT Corporation (NYSE:EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution.
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