EQT (EQT) Receives Equal Weight Rating from Morgan Stanley

EQT (NYSE:EQT)‘s stock had its “equal weight” rating reiterated by analysts at Morgan Stanley in a research report issued on Wednesday. They currently have a $67.00 target price on the oil and gas producer’s stock, up from their previous target price of $64.00. Morgan Stanley’s price target suggests a potential upside of 31.84% from the company’s previous close.

Several other equities analysts also recently commented on the stock. Wolfe Research upgraded shares of EQT from a “peer perform” rating to an “outperform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada upgraded shares of EQT from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $45.73 to $77.00 in a research note on Monday, February 12th. They noted that the move was a valuation call. ValuEngine downgraded shares of EQT from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Jefferies Group set a $65.00 price target on shares of EQT and gave the company a “hold” rating in a research note on Tuesday, January 30th. Finally, Citigroup restated a “buy” rating and issued a $79.00 price target on shares of EQT in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. EQT presently has a consensus rating of “Buy” and a consensus price target of $77.38.

EQT (NYSE EQT) opened at $50.82 on Wednesday. The firm has a market cap of $13,173.40, a PE ratio of 7.11, a PEG ratio of 1.93 and a beta of 0.70. EQT has a 1 year low of $43.70 and a 1 year high of $67.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.94 and a quick ratio of 0.94.

EQT (NYSE:EQT) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.54. EQT had a net margin of 44.66% and a return on equity of 2.35%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $909.42 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The company’s revenue was up 197.9% on a year-over-year basis. sell-side analysts predict that EQT will post 1.72 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. grew its stake in EQT by 6.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,690 shares of the oil and gas producer’s stock worth $1,006,000 after buying an additional 1,087 shares in the last quarter. BB&T Corp grew its stake in EQT by 3.7% during the fourth quarter. BB&T Corp now owns 32,447 shares of the oil and gas producer’s stock worth $1,847,000 after buying an additional 1,150 shares in the last quarter. S&CO Inc. grew its stake in EQT by 4.6% during the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock worth $1,539,000 after buying an additional 1,197 shares in the last quarter. Hunter Associates Investment Management LLC grew its stake in EQT by 14.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 10,370 shares of the oil and gas producer’s stock worth $590,000 after buying an additional 1,295 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in EQT by 13.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 11,107 shares of the oil and gas producer’s stock worth $632,000 after buying an additional 1,331 shares in the last quarter.

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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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