EQT Corporation (NYSE:EQT)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $87.00 target price on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.09% from the stock’s current price.

EQT has been the subject of several other reports. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a report on Friday, September 1st. Royal Bank Of Canada cut EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $86.00 to $80.00 in a report on Wednesday, July 5th. Scotiabank set a $79.00 target price on EQT Corporation and gave the stock a “buy” rating in a report on Tuesday, August 22nd. TheStreet upgraded EQT Corporation from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Finally, Morgan Stanley upped their target price on EQT Corporation from $56.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.33.

EQT Corporation (NYSE:EQT) traded up 2.80% during trading on Thursday, reaching $64.88. The company’s stock had a trading volume of 6,870,340 shares. The firm’s 50-day moving average price is $62.24 and its 200 day moving average price is $59.71. EQT Corporation has a 12-month low of $49.63 and a 12-month high of $75.74. The company has a market capitalization of $11.25 billion, a P/E ratio of 2317.14 and a beta of 0.79.

EQT Corporation (NYSE:EQT) last issued its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The business had revenue of $631.10 million during the quarter, compared to analysts’ expectations of $642.21 million. During the same period in the prior year, the business earned ($0.35) EPS. The business’s revenue for the quarter was up 720.1% compared to the same quarter last year. On average, analysts predict that EQT Corporation will post $0.99 earnings per share for the current fiscal year.

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In related news, insider Robert Joseph Mcnally bought 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average cost of $50.00 per share, with a total value of $75,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven T. Schlotterbeck bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were bought at an average cost of $52.14 per share, for a total transaction of $104,280.00. Following the completion of the acquisition, the chief executive officer now owns 115,178 shares of the company’s stock, valued at $6,005,380.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,901 shares of company stock worth $2,211,775 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of EQT. Point72 Asia Hong Kong Ltd acquired a new stake in EQT Corporation during the first quarter worth about $110,000. Invictus RG acquired a new stake in EQT Corporation during the first quarter worth about $119,000. Pacer Advisors Inc. grew its holdings in EQT Corporation by 3.1% during the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after acquiring an additional 99 shares during the period. Aureus Asset Management LLC acquired a new stake in EQT Corporation during the second quarter worth about $205,000. Finally, Pinebridge Investments L.P. acquired a new stake in EQT Corporation during the second quarter worth about $212,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Analyst Recommendations for EQT Corporation (NYSE:EQT)

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