EQT (NYSE:EQT) Stock Price Expected to Rise, Capital One Financial Analyst Says

EQT (NYSE:EQT) had its price target increased by analysts at Capital One Financial from $55.00 to $58.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Capital One Financial‘s price target would indicate a potential downside of 0.63% from the stock’s previous close.

EQT has been the subject of several other reports. Wells Fargo & Company lifted their price target on shares of EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Friday. Roth Mkm reaffirmed a “neutral” rating on shares of EQT in a report on Wednesday, February 18th. Mizuho boosted their target price on EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Wall Street Zen raised EQT from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, TD Securities upgraded EQT to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.55.

EQT Price Performance

EQT stock opened at $58.37 on Tuesday. The business has a 50 day simple moving average of $54.76 and a 200 day simple moving average of $54.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $36.44 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.47 and a beta of 0.74. EQT has a one year low of $43.57 and a one year high of $62.23.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.14. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, sell-side analysts forecast that EQT will post 3.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Westpac Banking Corp increased its position in shares of EQT by 6.6% during the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock worth $145,000 after acquiring an additional 165 shares in the last quarter. Parallel Advisors LLC increased its holdings in EQT by 1.0% during the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after purchasing an additional 198 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of EQT by 0.5% in the 4th quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after purchasing an additional 215 shares during the period. Fortitude Family Office LLC raised its stake in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of EQT by 4.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after purchasing an additional 456 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.