EQT Given Consensus Rating of “Buy” by Analysts (NYSE:EQT)
Shares of EQT (NYSE:EQT) have received an average rating of “Buy” from the eleven ratings firms that are covering the company, AnalystRatings.NET reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $114.78.
A number of research firms have recently commented on EQT. Analysts at Maxim Group raised their price target on shares of EQT from $125.00 to $135.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of EQT in a research note on Wednesday, May 14th. They now have a $110.00 price target on the stock.
Shares of EQT (NYSE:EQT) opened at 106.54 on Monday. EQT has a one year low of $78.57 and a one year high of $111.47. The stock’s 50-day moving average is $105. and its 200-day moving average is $99.21. The company has a market cap of $16.168 billion and a P/E ratio of 33.71.
EQT (NYSE:EQT) last issued its quarterly earnings data 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 $4.07 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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