EQT (NYSE:EQT) had its price target decreased by equities research analysts at Wells Fargo & Co from $29.00 to $27.00 in a note issued to investors on Friday, September 20th, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the oil and gas producer’s stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 179.50% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Macquarie began coverage on shares of EQT in a research report on Wednesday, May 29th. They issued a “neutral” rating and a $21.00 price objective for the company. Morgan Stanley reduced their target price on shares of EQT from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, July 26th. Finally, TD Securities reduced their price objective on shares of EQT from $17.50 to $16.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. EQT presently has an average rating of “Hold” and an average price target of $30.70.
NYSE:EQT traded up $0.24 during mid-day trading on Friday, reaching $9.66. The stock had a trading volume of 5,244,173 shares, compared to its average volume of 5,781,899. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 5.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.64. EQT has a 1-year low of $9.06 and a 1-year high of $26.05. The stock’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $15.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.
Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of EQT by 116.7% in the third quarter. Pacer Advisors Inc. now owns 219,657 shares of the oil and gas producer’s stock valued at $2,337,000 after acquiring an additional 118,303 shares during the period. Cerebellum GP LLC boosted its position in shares of EQT by 90.1% in the third quarter. Cerebellum GP LLC now owns 37,565 shares of the oil and gas producer’s stock valued at $400,000 after acquiring an additional 17,802 shares during the period. State of Alaska Department of Revenue raised its stake in EQT by 65.2% in the third quarter. State of Alaska Department of Revenue now owns 45,463 shares of the oil and gas producer’s stock valued at $483,000 after purchasing an additional 17,940 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new stake in EQT in the second quarter valued at approximately $923,000. Finally, Toronto Dominion Bank purchased a new stake in EQT in the second quarter valued at approximately $231,000. Institutional investors own 97.01% of the company’s stock.
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
Recommended Story: Cost of Capital Explained
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.