EQT Corporation (EQT) Given a $79.00 Price Target at Royal Bank Of Canada
Royal Bank Of Canada set a $79.00 target price on EQT Corporation (NYSE:EQT) in a research note released on Saturday morning. The brokerage currently has a hold rating on the oil and gas producer’s stock.
A number of other analysts have also recently commented on the stock. Cowen and Company restated a buy rating and set a $80.00 price target on shares of EQT Corporation in a research note on Tuesday, September 12th. Scotiabank set a $79.00 price target on shares of EQT Corporation and gave the company a buy rating in a research note on Tuesday, August 22nd. BMO Capital Markets restated a buy rating and set a $75.00 price target on shares of EQT Corporation in a research note on Friday, September 1st. BidaskClub upgraded shares of EQT Corporation from a strong sell rating to a sell rating in a research note on Friday, June 16th. Finally, Stifel Nicolaus upped their price target on shares of EQT Corporation from $79.00 to $85.00 and gave the company a buy rating in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. EQT Corporation currently has an average rating of Buy and a consensus target price of $79.60.
EQT Corporation (EQT) traded down 2.21% on Friday, reaching $63.61. 5,028,964 shares of the company’s stock traded hands. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 2271.79 and a beta of 0.77. EQT Corporation has a 52-week low of $49.63 and a 52-week high of $75.74. The company’s 50 day moving average is $63.05 and its 200-day moving average is $60.37.
EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $631.10 million for the quarter, compared to analysts’ expectations of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. The company’s quarterly revenue was up 720.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share. Equities analysts expect that EQT Corporation will post $0.91 EPS for the current year.
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In other news, Director A. Bray Jr. Cary bought 406 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average price of $65.24 per share, with a total value of $26,487.44. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of EQT. Point72 Asia Hong Kong Ltd bought a new stake in EQT Corporation during the 1st quarter worth approximately $110,000. Invictus RG bought a new stake in EQT Corporation during the 1st quarter worth approximately $119,000. Pacer Advisors Inc. increased its holdings in EQT Corporation by 3.1% during the 1st quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock worth $199,000 after acquiring an additional 99 shares during the period. Aureus Asset Management LLC bought a new stake in EQT Corporation during the 2nd quarter worth approximately $205,000. Finally, Pinebridge Investments L.P. bought a new stake in EQT Corporation during the 2nd quarter worth approximately $212,000. 90.55% of the stock is currently owned by institutional investors and hedge funds.
About EQT Corporation
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.
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