EQT (NYSE:EQT) has been given a $62.00 price target by investment analysts at Jefferies Group in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group’s price target would indicate a potential upside of 11.87% from the stock’s previous close.
A number of other analysts have also commented on EQT. Scotiabank set a $79.00 price objective on EQT and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets restated a “buy” rating and set a $75.00 target price on shares of EQT in a report on Friday, September 1st. Cowen restated a “buy” rating and set a $80.00 target price on shares of EQT in a report on Tuesday, September 12th. Stifel Nicolaus restated a “buy” rating and set a $87.00 target price on shares of EQT in a report on Thursday, September 14th. Finally, Seaport Global Securities upgraded EQT from a “neutral” rating to a “buy” rating and raised their target price for the stock from $57.00 to $79.00 in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $76.75.
Shares of EQT (NYSE EQT) opened at $55.42 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9,425.17, a PE ratio of 62.32, a P/E/G ratio of 4.08 and a beta of 0.76. EQT has a 12-month low of $49.63 and a 12-month high of $67.84.
In other EQT news, Director A. Bray Jr. Cary acquired 406 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas F. Karam acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $59.26 per share, for a total transaction of $592,600.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $1,185,200. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC acquired a new stake in EQT in the 3rd quarter valued at approximately $19,261,000. Neuberger Berman Group LLC raised its position in EQT by 13.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock valued at $136,412,000 after buying an additional 270,054 shares during the last quarter. State of Tennessee Treasury Department raised its position in EQT by 22.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 821,326 shares of the oil and gas producer’s stock valued at $53,584,000 after buying an additional 150,856 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in EQT in the 2nd quarter valued at approximately $4,142,000. Finally, Mitchell Group Inc. raised its position in EQT by 11.1% in the 2nd quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock valued at $32,551,000 after buying an additional 55,330 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company’s stock.
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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