EQT (EQT) Lifted to Outperform at Wolfe Research

EQT (NYSE:EQT) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Wednesday.

EQT has been the subject of several other reports. BMO Capital Markets reissued a “buy” rating and set a $75.00 price target on shares of EQT in a report on Tuesday, November 14th. Morgan Stanley lifted their price target on EQT from $60.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Cowen set a $80.00 price target on EQT and gave the stock a “buy” rating in a report on Wednesday, October 18th. SunTrust Banks reissued a “hold” rating and set a $67.00 price target on shares of EQT in a report on Friday, October 27th. Finally, Zacks Investment Research cut EQT from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. EQT presently has a consensus rating of “Buy” and an average target price of $76.77.

EQT (EQT) traded up $0.90 on Wednesday, hitting $48.27. The stock had a trading volume of 428,705 shares, compared to its average volume of 3,692,271. EQT has a 52 week low of $43.70 and a 52 week high of $67.84. The firm has a market capitalization of $12,590.00, a PE ratio of 237.45, a price-to-earnings-growth ratio of 1.91 and a beta of 0.70. 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 related news, Chairman David L. Porges sold 53,760 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of EQT. Calton & Associates Inc. acquired a new position in EQT during the 4th quarter worth about $104,000. NuWave Investment Management LLC acquired a new position in EQT during the 4th quarter worth about $126,000. Assetmark Inc. lifted its holdings in EQT by 445.1% during the 4th quarter. Assetmark Inc. now owns 2,284 shares of the oil and gas producer’s stock worth $130,000 after buying an additional 1,865 shares during the period. Zeke Capital Advisors LLC acquired a new position in EQT during the 3rd quarter worth about $212,000. Finally, FNY Partners Fund LP acquired a new position in shares of EQT in the 4th quarter valued at about $220,000.

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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.

Analyst Recommendations for EQT (NYSE:EQT)

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