EQT Price Target Raised to $117.00 at Stifel Nicolaus (EQT)
Analysts at Stifel Nicolaus raised their target price on shares of EQT (NYSE:EQT) from $115.00 to $117.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 6.52% from the company’s current price.
EQT has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of EQT from $115.00 to $118.00 in a research note on Monday, April 28th. They now have a “sector outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of EQT from $106.00 to $116.00 in a research note on Monday, April 28th. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of EQT from $95.00 to $115.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.00.
Shares of EQT (NYSE:EQT) traded up 0.54% on Thursday, hitting $109.84. 1,614,429 shares of the company’s stock traded hands. EQT has a 52-week low of $74.56 and a 52-week high of $111.47. The stock’s 50-day moving average is $103.2 and its 200-day moving average is $93.63. The company has a market cap of $16.574 billion and a P/E ratio of 42.43.
EQT (NYSE:EQT) last announced its earnings results on Thursday, April 24th. The company reported $1.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.66 earnings per share. EQT’s revenue was up 59.1% compared to the same quarter last year. On average, analysts predict that EQT will post $3.95 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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