Mizuho Forecasts Strong Price Appreciation for EQT (NYSE:EQT) Stock

EQT (NYSE:EQT) had its price target boosted by Mizuho from $45.00 to $48.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Mizuho’s price objective suggests a potential upside of 6.50% from the stock’s previous close.

Several other research firms have also weighed in on EQT. JPMorgan Chase & Co. upped their price objective on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 26th. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and upped their price target for the stock from $37.00 to $44.00 in a research note on Thursday, October 3rd. Truist Financial lifted their price objective on EQT from $32.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their target price on EQT from $45.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday. Finally, UBS Group raised their price target on EQT from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

EQT Stock Down 2.0 %

NYSE:EQT traded down $0.92 during trading hours on Tuesday, hitting $45.07. 2,666,136 shares of the stock traded hands, compared to its average volume of 7,182,373. The firm has a market cap of $26.89 billion, a price-to-earnings ratio of 53.46 and a beta of 1.06. The firm has a 50 day moving average price of $38.45 and a 200 day moving average price of $37.00. 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 fifty-two week low of $30.02 and a fifty-two week high of $48.02.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. Equities research analysts anticipate that EQT will post 1.35 earnings per share for the current year.

Hedge Funds Weigh In On EQT

Several large investors have recently bought and sold shares of the stock. HM Payson & Co. bought a new stake in shares of EQT in the 3rd quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of EQT in the second quarter valued at $28,000. Truvestments Capital LLC acquired a new position in shares of EQT in the third quarter valued at $30,000. Hexagon Capital Partners LLC lifted its position in EQT by 18,080.0% in the third quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 904 shares during the period. Finally, Quarry LP boosted its stake in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 578 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.