EQT (EQT) Price Target Raised to $22.00 at TD Securities

EQT (NYSE:EQT) had its price objective lifted by research analysts at TD Securities from $21.00 to $22.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. TD Securities’ price objective points to a potential upside of 13.20% from the company’s previous close.

A number of other research firms also recently issued reports on EQT. BMO Capital Markets restated a “hold” rating and set a $35.00 target price on shares of EQT in a research report on Tuesday, November 13th. Credit Suisse Group cut their price objective on shares of EQT from $48.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 15th. JPMorgan Chase & Co. set a $24.00 price objective on shares of EQT and gave the company a “buy” rating in a report on Friday, December 7th. Jefferies Financial Group set a $39.00 price objective on shares of EQT and gave the company a “hold” rating in a report on Sunday, October 28th. Finally, Morgan Stanley cut shares of EQT from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $48.00 to $12.00 in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.43.

NYSE EQT traded up $0.46 on Wednesday, reaching $19.44. 2,763,803 shares of the company’s stock traded hands, compared to its average volume of 4,187,422. The company has a market capitalization of $4.83 billion, a PE ratio of 11.43, a P/E/G ratio of 1.30 and a beta of 0.76. EQT has a fifty-two week low of $16.29 and a fifty-two week high of $71.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.84.



EQT (NYSE:EQT) last posted its earnings results on Thursday, February 14th. The oil and gas producer reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.02). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. EQT had a negative net margin of 45.88% and a positive return on equity of 4.46%. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Research analysts expect that EQT will post 1.46 earnings per share for the current year.

In related news, Director A. Bray Jr. Cary bought 1,390 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was acquired at an average price of $18.89 per share, with a total value of $26,257.10. Following the completion of the purchase, the director now directly owns 28,000 shares of the company’s stock, valued at $528,920. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Philip G. Behrman bought 5,331 shares of the business’s stock in a transaction dated Wednesday, December 26th. The shares were bought at an average cost of $19.37 per share, with a total value of $103,261.47. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $387,400. The disclosure for this purchase can be found here. 0.68% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in EQT. LMR Partners LLP grew its stake in EQT by 3.4% during the 4th quarter. LMR Partners LLP now owns 17,245 shares of the oil and gas producer’s stock valued at $326,000 after acquiring an additional 563 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in EQT by 1.2% during the 4th quarter. Keeley Teton Advisors LLC now owns 52,582 shares of the oil and gas producer’s stock valued at $993,000 after acquiring an additional 645 shares in the last quarter. Eaton Vance Management grew its stake in EQT by 0.3% during the 4th quarter. Eaton Vance Management now owns 196,459 shares of the oil and gas producer’s stock valued at $3,711,000 after acquiring an additional 677 shares in the last quarter. Financial Architects Inc grew its stake in EQT by 55.1% during the 4th quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 757 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in EQT by 7.2% during the 4th quarter. Pinnacle Associates Ltd. now owns 22,250 shares of the oil and gas producer’s stock valued at $420,000 after acquiring an additional 1,500 shares in the last quarter. 91.02% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for EQT (NYSE:EQT)

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