EQT (NYSE:EQT) Price Target Raised to $45.00 at Mizuho

EQT (NYSE:EQT) had its price target increased by equities research analysts at Mizuho from $41.00 to $45.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas producer’s stock. Mizuho’s target price points to a potential upside of 19.46% from the company’s current price.

Several other equities research analysts also recently commented on EQT. Wolfe Research initiated coverage on shares of EQT in a report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective on the stock. StockNews.com upgraded EQT to a “sell” rating in a research report on Friday, July 26th. Truist Financial decreased their price target on EQT from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Piper Sandler upped their price target on EQT from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Citigroup upgraded EQT from a “neutral” rating to a “buy” rating and upped their price target for the company from $37.00 to $44.00 in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.83.

EQT Stock Performance

NYSE EQT traded up $0.87 during trading on Tuesday, hitting $37.67. 2,388,662 shares of the company’s stock traded hands, compared to its average volume of 7,015,789. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 44.85 and a beta of 1.06. EQT has a 12-month low of $30.02 and a 12-month high of $44.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.51. The business has a 50 day moving average of $35.31 and a 200-day moving average of $36.61.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that EQT will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQT. Norden Group LLC bought a new position in EQT during the first quarter valued at approximately $401,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of EQT by 21.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,613 shares of the oil and gas producer’s stock valued at $3,319,000 after purchasing an additional 16,891 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of EQT by 2.2% during the first quarter. Janney Montgomery Scott LLC now owns 118,482 shares of the oil and gas producer’s stock valued at $4,392,000 after purchasing an additional 2,594 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of EQT by 27.7% during the first quarter. Daiwa Securities Group Inc. now owns 45,878 shares of the oil and gas producer’s stock valued at $1,700,000 after purchasing an additional 9,954 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of EQT during the first quarter valued at approximately $121,000. 90.81% of the stock is currently owned by institutional investors.

EQT Company Profile

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.