EQT (NYSE:EQT) Price Target Raised to $55.00

EQT (NYSE:EQTFree Report) had its target price lifted by Capital One Financial from $52.00 to $55.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has an overweight rating on the oil and gas producer’s stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Siebert Williams Shank decreased their price objective on EQT from $62.00 to $59.00 and set a “hold” rating for the company in a report on Monday, October 13th. Piper Sandler raised their target price on EQT from $49.00 to $50.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Royal Bank Of Canada lifted their price target on EQT from $60.00 to $62.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Finally, Wolfe Research lowered their price objective on EQT from $70.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Nineteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.59.

Check Out Our Latest Stock Analysis on EQT

EQT Stock Performance

EQT opened at $55.56 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. EQT has a 12-month low of $43.57 and a 12-month high of $62.23. The firm has a 50 day moving average of $55.32 and a two-hundred day moving average of $54.25. The firm has a market capitalization of $34.67 billion, a PE ratio of 19.03, a P/E/G ratio of 0.45 and a beta of 0.68.

Insider Activity at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of the business’s 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 directly owned 69,486 shares in the company, valued at $3,668,165.94. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by company insiders.

Institutional Investors Weigh In On EQT

A number of institutional investors have recently added to or reduced their stakes in the stock. Aventura Private Wealth LLC purchased a new stake in EQT in the 4th quarter worth $31,000. Fortitude Family Office LLC increased its stake in shares of EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of EQT during the 2nd quarter worth about $41,000. Anchor Investment Management LLC lifted 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 buying an additional 500 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in EQT by 38.1% in 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 buying an additional 283 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Key Headlines Impacting EQT

Here are the key news stories impacting EQT this week:

About EQT

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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.

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