EQT (NYSE:EQT) Price Target Raised to $66.00

EQT (NYSE:EQT) had its target price upped by research analysts at The Goldman Sachs Group from $59.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 23.57% from the stock’s current price.

Several other equities research analysts have also issued reports on EQT. Stephens lifted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler raised their price target on shares of EQT from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com raised shares of EQT to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. upped their target price on EQT from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group lifted their price objective on EQT from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.22.

EQT Stock Down 0.6 %

EQT stock traded down $0.35 during mid-day trading on Wednesday, hitting $53.41. The company’s stock had a trading volume of 1,458,214 shares, compared to its average volume of 7,881,147. The firm’s 50 day moving average is $48.32 and its 200 day moving average is $40.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $31.87 billion, a PE ratio of 63.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.08. EQT has a 52-week low of $30.02 and a 52-week high of $54.85.

Insider Buying and Selling

In related news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the sale, the director now owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. 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 company insiders.

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently modified their holdings of EQT. HM Payson & Co. bought a new position in shares of EQT in the 3rd quarter worth about $25,000. Truvestments Capital LLC bought a new stake in EQT in the 3rd quarter valued at about $30,000. Quarry LP grew its stake in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of EQT during the third quarter valued at approximately $36,000. Finally, Financial Avengers Inc. boosted its stake in EQT by 100.8% during the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

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.