EQT (NYSE:EQT) has been given a $62.00 price target by investment analysts at Jefferies Group in a report released on Wednesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s price objective would suggest a potential upside of 13.20% from the stock’s current price.
Several other analysts have also recently weighed in on the company. BMO Capital Markets reissued a “buy” rating and set a $75.00 price target on shares of EQT in a report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $87.00 price target on shares of EQT in a report on Thursday, September 14th. SunTrust Banks reissued a “hold” rating and set a $67.00 price target on shares of EQT in a report on Friday, October 27th. Cowen set a $80.00 price target on EQT and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada set a $79.00 price target on EQT and gave the stock a “hold” rating in a report on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $76.75.
EQT (NYSE:EQT) traded down $0.65 on Wednesday, hitting $54.77. The stock had a trading volume of 2,203,357 shares, compared to its average volume of 3,493,388. EQT has a 52 week low of $49.63 and a 52 week high of $67.84. The firm has a market capitalization of $9,633.77, a PE ratio of 260.82, a price-to-earnings-growth ratio of 4.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.
In other news, Chairman David L. Porges sold 53,760 shares of EQT stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total value of $3,179,366.40. Following the transaction, the chairman now owns 438,601 shares in the company, valued at approximately $25,938,863.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas F. Karam purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $59.26 per share, for a total transaction of $592,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $1,185,200. The disclosure for this purchase can be found here. 1.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Zeke Capital Advisors LLC bought a new position in shares of EQT in the 3rd quarter valued at $212,000. Aureus Asset Management LLC bought a new position in shares of EQT in the 2nd quarter valued at $205,000. Pinebridge Investments L.P. bought a new position in shares of EQT in the 2nd quarter valued at $212,000. D.A. Davidson & CO. increased its stake in shares of EQT by 14.2% in the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after purchasing an additional 721 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in EQT by 83.3% during the 3rd quarter. SG Americas Securities LLC now owns 11,763 shares of the oil and gas producer’s stock worth $767,000 after acquiring an additional 5,347 shares during the last quarter. Institutional investors own 90.54% of the company’s stock.
EQT Company Profile
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.
