EQT Corporation (EQT) Given a $80.00 Price Target at Cowen and Company

EQT Corporation (NYSE:EQT) has been assigned a $80.00 price target by stock analysts at Cowen and Company in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Cowen and Company’s price objective suggests a potential upside of 27.11% from the stock’s current price.

EQT has been the subject of several other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of EQT Corporation in a research report on Tuesday, October 10th. Scotiabank set a $79.00 target price on EQT Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a research report on Friday, September 1st. Royal Bank Of Canada set a $79.00 target price on EQT Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Morgan Stanley decreased their price objective on EQT Corporation from $61.00 to $56.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $79.82.

EQT Corporation (NYSE:EQT) traded up 0.19% during mid-day trading on Wednesday, reaching $63.06. 2,912,099 shares of the company were exchanged. The stock’s 50-day moving average price is $63.54 and its 200-day moving average price is $60.62. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 2252.14 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. EQT Corporation’s revenue was up 720.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) EPS. On average, equities research analysts anticipate that EQT Corporation will post $0.92 EPS for the current fiscal year.

WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/19/eqt-corporation-eqt-given-a-80-00-price-target-at-cowen-and-company.html.

In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock worth $241,000 after purchasing an additional 247 shares during the last quarter. D.A. Davidson & CO. lifted its stake in EQT Corporation by 14.2% during the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after purchasing an additional 721 shares during the last quarter. Amalgamated Bank lifted its stake in EQT Corporation by 8.9% during the first quarter. Amalgamated Bank now owns 10,685 shares of the oil and gas producer’s stock worth $653,000 after purchasing an additional 869 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in EQT Corporation by 3.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 36,634 shares of the oil and gas producer’s stock worth $2,146,000 afte

EQT has been the subject of several other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of EQT Corporation in a research report on Tuesday, October 10th. Scotiabank set a $79.00 target price on EQT Corporation and gave the company a “buy” rating in a research report on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $75.00 target price on shares of EQT Corporation in a research report on Friday, September 1st. Royal Bank Of Canada set a $79.00 target price on EQT Corporation and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, Morgan Stanley decreased their price objective on EQT Corporation from $61.00 to $56.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $79.82.

EQT Corporation (NYSE:EQT) traded up 0.19% during mid-day trading on Wednesday, reaching $63.06. 2,912,099 shares of the company were exchanged. The stock’s 50-day moving average price is $63.54 and its 200-day moving average price is $60.62. EQT Corporation has a 1-year low of $49.63 and a 1-year high of $75.74. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 2252.14 and a beta of 0.77.

EQT Corporation (NYSE:EQT) last released its earnings results on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $631.10 million during the quarter, compared to the consensus estimate of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. EQT Corporation’s revenue was up 720.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) EPS. On average, equities research analysts anticipate that EQT Corporation will post $0.92 EPS for the current fiscal year.

WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/19/eqt-corporation-eqt-given-a-80-00-price-target-at-cowen-and-company.html.

In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was purchased at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc lifted its stake in EQT Corporation by 6.4% during the second quarter. IFP Advisors Inc now owns 4,108 shares of the oil and gas producer’s stock worth $241,000 after purchasing an additional 247 shares during the last quarter. D.A. Davidson & CO. lifted its stake in EQT Corporation by 14.2% during the second quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after purchasing an additional 721 shares during the last quarter. Amalgamated Bank lifted its stake in EQT Corporation by 8.9% during the first quarter. Amalgamated Bank now owns 10,685 shares of the oil and gas producer’s stock worth $653,000 after purchasing an additional 869 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in EQT Corporation by 3.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 36,634 shares of the oil and gas producer’s stock worth $2,146,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in EQT Corporation during the first quarter worth approximately $110,000. Hedge funds and other institutional investors own 90.54% of the company’s stock.

About EQT Corporation

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 Corporation (NYSE:EQT)

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