EQT Co. (NYSE:EQT) Receives $49.94 Average Target Price from Analysts

Shares of EQT Co. (NYSE:EQT) have been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.94.

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Sanford C. Bernstein raised EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price target on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price objective on shares of EQT in a research note on Monday, January 6th. 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. Finally, Citigroup upped their price target on shares of EQT from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Insider Buying and Selling

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

Institutional Trading of EQT

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of EQT by 38.7% in the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after buying an additional 20,700,921 shares in the last quarter. Modera Wealth Management LLC acquired a new position in EQT in the 3rd quarter valued at $562,494,000. State Street Corp lifted its position in shares of EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after acquiring an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its position in shares of EQT by 34.4% during the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer’s stock valued at $511,159,000 after acquiring an additional 3,582,418 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of EQT by 386.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer’s stock worth $205,830,000 after purchasing an additional 3,454,741 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT Stock Down 0.1 %

EQT stock opened at $52.15 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT has a 1-year low of $30.02 and a 1-year high of $54.85. The company has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $39.99. The company has a market cap of $31.12 billion, a P/E ratio of 62.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08.

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.