EQT PT Raised to $118.00 (EQT)
Analysts at Howard Weil hoisted their target price on shares of EQT (NYSE:EQT) from $115.00 to $118.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price objective suggests a potential upside of 10.59% from the stock’s previous close.
A number of other firms have also recently commented on EQT. Analysts at RBC Capital raised their price target on shares of EQT from $106.00 to $116.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust raised their price target on shares of EQT from $95.00 to $115.00 in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at KLR Group downgraded shares of EQT from an “accumulate” rating to a “hold” rating in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $107.50.
EQT (NYSE:EQT) traded up 1.38% during mid-day trading on Monday, hitting $106.70. The stock had a trading volume of 1,351,059 shares. EQT has a 52 week low of $73.62 and a 52 week high of $111.47. The stock has a 50-day moving average of $102.3 and a 200-day moving average of $93.14. The company has a market cap of $16.100 billion and a price-to-earnings ratio of 40.87.
EQT (NYSE:EQT) last released its earnings data on Thursday, April 24th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.49. The company had revenue of $661.63 million for the quarter, compared to the consensus estimate of $563.06 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 59.1% on a year-over-year basis. Analysts expect that EQT will post $3.73 EPS 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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