EQT (EQT) PT Set at $77.00 by Royal Bank of Canada

EQT (NYSE:EQT) has been assigned a $77.00 target price by Royal Bank of Canada in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the oil and gas producer’s stock. Royal Bank of Canada’s price objective points to a potential upside of 38.94% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Scotiabank reiterated an “average” rating and issued a $79.00 target price on shares of EQT in a report on Wednesday, October 4th. BMO Capital Markets reiterated a “buy” rating and issued a $75.00 target price on shares of EQT in a report on Tuesday, November 14th. Seaport Global Securities upgraded shares of 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. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 target price on shares of EQT in a report on Thursday, September 14th. Finally, Cowen reiterated a “buy” rating and issued a $80.00 target price on shares of EQT in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. EQT presently has a consensus rating of “Buy” and an average price target of $76.75.

EQT (NYSE EQT) opened at $55.42 on Wednesday. EQT has a fifty-two week low of $49.63 and a fifty-two week high of $67.84. The company has a market cap of $9,560.00, a PE ratio of 62.55, a price-to-earnings-growth ratio of 4.28 and a beta of 0.76. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

EQT (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. EQT had a net margin of 1.39% and a return on equity of 1.61%. The company had revenue of $660.30 million during the quarter, compared to analysts’ expectations of $667.05 million. During the same period last year, the company posted ($0.26) earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. sell-side analysts predict that EQT will post 0.85 EPS for the current year.

In other EQT news, Director Thomas F. Karam bought 10,000 shares of EQT stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $59.26 per share, for a total transaction of $592,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $1,185,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A. Bray Jr. Cary bought 406 shares of EQT stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of $65.24 per share, with a total value of $26,487.44. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. lifted its stake in EQT by 14.2% in the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock valued at $339,000 after acquiring an additional 721 shares during the last quarter. BB&T Corp lifted its stake in EQT by 5.6% in the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock valued at $2,042,000 after acquiring an additional 1,673 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in EQT in the third quarter valued at approximately $212,000. Aureus Asset Management LLC acquired a new stake in EQT in the second quarter valued at approximately $205,000. Finally, Pinebridge Investments L.P. bought a new position in shares of EQT in the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

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EQT Company Profile

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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