EQT (NYSE:EQT) Given New $55.00 Price Target at Jefferies Financial Group

EQT (NYSE:EQT) had its target price boosted by stock analysts at Jefferies Financial Group from $45.00 to $55.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. Jefferies Financial Group’s target price indicates a potential upside of 17.35% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. UBS Group raised their target price on shares of EQT from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company upped their price objective on EQT from $42.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Piper Sandler increased their target price on shares of EQT from $32.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Bank of America started coverage on shares of EQT in a research report on Monday, October 28th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Sanford C. Bernstein initiated coverage on shares of EQT in a report on Friday, December 6th. They issued a “market perform” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

EQT Trading Down 1.0 %

EQT stock traded down $0.48 during midday trading on Friday, reaching $46.87. The stock had a trading volume of 4,008,694 shares, compared to its average volume of 6,975,837. EQT has a twelve month low of $30.02 and a twelve month high of $48.33. The firm has a market cap of $27.97 billion, a price-to-earnings ratio of 55.80 and a beta of 1.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The business has a fifty day simple moving average of $43.22 and a two-hundred day simple moving average of $37.84.

EQT (NYSE:EQT) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, research analysts expect that EQT will post 1.37 EPS for the current fiscal year.

Insider Transactions at EQT

In related news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Davis Investment Partners LLC grew its position in shares of EQT by 1.0% in the 3rd quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after buying an additional 317 shares during the period. J.W. Cole Advisors Inc. lifted its stake in EQT by 7.4% in the third quarter. J.W. Cole Advisors Inc. now owns 6,121 shares of the oil and gas producer’s stock worth $224,000 after purchasing an additional 421 shares during the last quarter. Ballentine Partners LLC raised its position in shares of EQT by 8.4% in the 2nd quarter. Ballentine Partners LLC now owns 6,291 shares of the oil and gas producer’s stock worth $233,000 after acquiring an additional 486 shares in the last quarter. Financial Avengers Inc. increased its holdings in EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the period. Finally, Quarry LP raised its holdings in EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

About EQT

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.