EQT (NYSE:EQT) Price Target Lowered to $60.00 at BMO Capital Markets

EQT (NYSE:EQT) had its price objective trimmed by BMO Capital Markets from $65.00 to $60.00 in a report released on Monday,MarketScreener reports. The firm currently has an outperform rating on the oil and gas producer’s stock.

EQT has been the topic of a number of other reports. Stephens raised their price objective on shares of EQT from $60.00 to $69.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. JPMorgan Chase & Co. lifted their price target on EQT from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. UBS Group upped their price objective on EQT from $67.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Barclays decreased their price objective on EQT from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Citigroup cut their target price on EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Twenty investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.26.

EQT Trading Down 0.7%

EQT stock traded down $0.35 during midday trading on Monday, hitting $49.91. 9,939,406 shares of the company’s stock were exchanged, compared to its average volume of 11,319,877. EQT has a one year low of $43.57 and a one year high of $62.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $31.15 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.30 and a beta of 0.68. The stock’s fifty day moving average price is $56.27 and its 200-day moving average price is $54.42.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. EQT had a return on equity of 6.88% and a net margin of 22.59%.EQT’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 EPS. Research analysts predict that EQT will post 3.27 earnings per share for the current fiscal year.

Insider Activity at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total value of $75,067.38. Following the completion of the sale, the executive vice president owned 69,486 shares of the company’s stock, valued at approximately $3,668,165.94. This represents a 2.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Institutional Trading of EQT

A number of large investors have recently added to or reduced their stakes in EQT. Aventura Private Wealth LLC bought a new position in shares of EQT in the 4th quarter valued at about $31,000. Fortitude Family Office LLC lifted its stake in 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 last quarter. Twin Peaks Wealth Advisors LLC bought a new position in EQT during the second quarter worth about $41,000. Anchor Investment Management LLC raised its stake in EQT by 133.3% in the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 500 shares during the period. Finally, Private Trust Co. NA lifted its holdings in EQT by 38.1% during the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 283 shares during 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.