EQT (NYSE:EQT) received a $65.00 price objective from equities researchers at Jefferies Group in a report issued on Tuesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s price objective suggests a potential upside of 18.94% from the company’s previous close.
Other equities analysts have also issued reports about the stock. BMO Capital Markets set a $75.00 price objective on shares of EQT and gave the company a “buy” rating in a report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating and set a $65.00 price objective on shares of EQT in a report on Friday, December 8th. Credit Suisse Group started coverage on shares of EQT in a report on Monday, December 11th. They set an “outperform” rating and a $70.00 price objective on the stock. Cowen set a $80.00 target price on shares of EQT and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Morgan Stanley lowered their target price on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $76.77.
Shares of EQT (EQT) traded down $2.22 during mid-day trading on Tuesday, reaching $54.65. 4,130,000 shares of the company traded hands, compared to its average volume of 3,280,000. The stock has a market capitalization of $14,520.00, a price-to-earnings ratio of 273.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.76. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. EQT has a 12 month low of $49.63 and a 12 month high of $67.84.
Several large investors have recently bought and sold shares of the company. BB&T Corp lifted its stake in shares of EQT by 3.7% during the fourth quarter. BB&T Corp now owns 32,447 shares of the oil and gas producer’s stock worth $1,847,000 after buying an additional 1,150 shares during the period. S&CO Inc. lifted its stake in shares of EQT by 4.6% during the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock worth $1,539,000 after buying an additional 1,197 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of EQT during the third quarter worth $212,000. Pinebridge Investments L.P. acquired a new stake in shares of EQT during the second quarter worth $212,000. Finally, FNY Partners Fund LP acquired a new stake in shares of EQT during the fourth quarter worth $220,000.
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About EQT
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.
