EQT (NYSE:EQT) has been given a $39.00 price target by stock analysts at Jefferies Financial Group in a report issued on Sunday, October 28th. The brokerage presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 119.22% from the company’s previous close.
Several other research analysts have also issued reports on EQT. ValuEngine lowered shares of EQT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 4th. Royal Bank of Canada set a $74.00 price target on shares of EQT and gave the stock a “buy” rating in a research report on Thursday, July 19th. Morgan Stanley decreased their price target on shares of EQT from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. TD Securities assumed coverage on shares of EQT in a research report on Thursday, July 5th. They issued a “hold” rating and a $57.00 price target on the stock. Finally, Goldman Sachs Group assumed coverage on shares of EQT in a research report on Monday, September 17th. They set a “neutral” rating and a $54.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. EQT presently has an average rating of “Hold” and an average price target of $46.79.
NYSE:EQT traded up $1.08 during midday trading on Friday, hitting $17.79. 7,334,273 shares of the stock were exchanged, compared to its average volume of 13,216,801. EQT has a one year low of $16.29 and a one year high of $60.35. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.48 and a beta of 0.91. 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 (NYSE:EQT) last posted 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. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.11 billion. EQT had a negative net margin of 6.86% and a positive return on equity of 3.77%. During the same quarter in the previous year, the business posted $0.12 earnings per share. On average, sell-side analysts expect that EQT will post 2.3 EPS for the current year.
In related news, SVP David Joseph Smith purchased 10,000 shares of the stock in a transaction dated Friday, November 16th. The shares were acquired at an average cost of $16.33 per share, for a total transaction of $163,300.00. Following the acquisition, the senior vice president now directly owns 9,190 shares in the company, valued at approximately $150,072.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Joseph Mcnally purchased 15,800 shares of the stock in a transaction dated Wednesday, October 31st. The shares were bought at an average price of $34.16 per share, for a total transaction of $539,728.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 84,269 shares of company stock worth $2,136,132. 0.68% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of EQT by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 1,123,196 shares of the oil and gas producer’s stock valued at $49,679,000 after acquiring an additional 18,816 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of EQT by 13.6% during the 3rd quarter. Standard Life Aberdeen plc now owns 65,884 shares of the oil and gas producer’s stock valued at $2,915,000 after acquiring an additional 7,909 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of EQT by 30.1% in the 3rd quarter. Nordea Investment Management AB now owns 13,777 shares of the oil and gas producer’s stock valued at $610,000 after purchasing an additional 3,188 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in shares of EQT in the 3rd quarter valued at $1,117,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of EQT by 22.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,609 shares of the oil and gas producer’s stock valued at $955,000 after purchasing an additional 3,933 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
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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