EQT (EQT) PT Set at $39.00 by Jefferies Financial Group

EQT (NYSE:EQT) has been given a $39.00 price target by analysts at Jefferies Financial Group in a research report issued on Sunday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 19.82% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada set a $74.00 target price on EQT and gave the company a “buy” rating in a research note on Thursday, July 19th. TheStreet raised EQT from a “d+” rating to a “c-” rating in a research note on Monday, July 23rd. ValuEngine lowered EQT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 4th. LADENBURG THALM/SH SH set a $70.00 target price on EQT and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Wells Fargo & Co reissued a “market weight” rating and issued a $63.00 target price on shares of EQT in a research note on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $57.77.

Shares of EQT stock opened at $32.55 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47. EQT has a 12-month low of $32.39 and a 12-month high of $66.03. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.91 and a beta of 0.61.



EQT (NYSE:EQT) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. Equities research analysts anticipate that EQT will post 2.39 earnings per share for the current fiscal year.

In other EQT news, Director Kenneth Michael Burke purchased 5,000 shares of EQT stock in a transaction that occurred on Thursday, August 9th. The shares were bought at an average price of $50.20 per share, for a total transaction of $251,000.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $251,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.68% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its holdings in shares of EQT by 3.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 28,774 shares of the oil and gas producer’s stock worth $1,588,000 after acquiring an additional 919 shares during the period. OLD National Bancorp IN grew its holdings in shares of EQT by 17.5% during the 2nd quarter. OLD National Bancorp IN now owns 6,472 shares of the oil and gas producer’s stock worth $357,000 after acquiring an additional 966 shares during the period. Securian Asset Management Inc grew its holdings in shares of EQT by 4.2% during the 2nd quarter. Securian Asset Management Inc now owns 25,390 shares of the oil and gas producer’s stock worth $1,401,000 after acquiring an additional 1,025 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of EQT by 3.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 32,521 shares of the oil and gas producer’s stock worth $1,795,000 after acquiring an additional 1,137 shares during the period. Finally, Raymond James Trust N.A. grew its holdings in shares of EQT by 12.5% during the 3rd quarter. Raymond James Trust N.A. now owns 10,679 shares of the oil and gas producer’s stock worth $472,000 after acquiring an additional 1,190 shares during the period. Hedge funds and other institutional investors own 91.66% of the company’s stock.

EQT Company Profile

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

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