EQT (EQT) Given a $62.00 Price Target by Jefferies Group Analysts

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.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.17. The firm had revenue of $660.30 million during the quarter, compared to analyst estimates of $667.05 million. EQT had a return on equity of 1.61% and a net margin of 1.39%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the company earned ($0.26) earnings per share. analysts anticipate that EQT will post 0.89 EPS for the current year.

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.

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About EQT

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.

Analyst Recommendations for EQT (NYSE:EQT)

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