EQT Corporation (EQT) Given a $75.00 Price Target at BMO Capital Markets
EQT Corporation (NYSE:EQT) has been given a $75.00 price objective by stock analysts at BMO Capital Markets in a report released on Tuesday. The firm currently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ price target would suggest a potential upside of 19.27% from the stock’s current price.
EQT has been the topic of a number of other research reports. Royal Bank Of Canada lowered EQT Corporation from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $86.00 to $80.00 in a research note on Wednesday, July 5th. Scotiabank set a $79.00 price objective on EQT Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. TheStreet upgraded EQT Corporation from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Seaport Global Securities upgraded EQT Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $57.00 to $79.00 in a research note on Tuesday, September 26th. Finally, Morgan Stanley lifted their price target on EQT Corporation from $56.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $79.30.
Shares of EQT Corporation (EQT) opened at 62.88 on Tuesday. The company has a 50-day moving average price of $63.20 and a 200 day moving average price of $60.50. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 2245.71 and a beta of 0.77. EQT Corporation has a 52 week low of $49.63 and a 52 week high of $75.74.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $631.10 million for the quarter, compared to analyst estimates of $642.21 million. During the same quarter last year, the company earned ($0.35) EPS. The company’s revenue was up 720.1% on a year-over-year basis. Analysts expect that EQT Corporation will post $0.91 EPS for the current fiscal year.
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In other EQT Corporation news, Director A. Bray Jr. Cary purchased 406 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were bought at an average price of $65.24 per share, for a total transaction of $26,487.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EQT. Canada Pension Plan Investment Board boosted its holdings in shares of EQT Corporation by 193.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,510 shares of the oil and gas producer’s stock valued at $110,000 after acquiring an additional 996 shares in the last quarter. CWM LLC acquired a new stake in shares of EQT Corporation during the 3rd quarter valued at $111,000. Mercer Capital Advisers Inc. acquired a new stake in shares of EQT Corporation during the 3rd quarter valued at $122,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of EQT Corporation during the 1st quarter valued at $110,000. Finally, Invictus RG acquired a new stake in shares of EQT Corporation during the 1st quarter valued at $119,000. Institutional investors own 90.55% of the company’s stock.
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.
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