Jefferies Group Analysts Give EQT (NYSE:EQT) a $62.00 Price Target

Jefferies Group set a $62.00 price objective on EQT (NYSE:EQT) in a research report report published on Wednesday, December 20th. The firm currently has a hold rating on the oil and gas producer’s stock.

Several other equities research analysts have also commented on the stock. Credit Suisse Group started coverage on shares of EQT in a research report on Monday, December 11th. They set an outperform rating and a $70.00 target price on the stock. BMO Capital Markets restated a buy rating and set a $75.00 target price on shares of EQT in a research report on Friday, September 1st. Stifel Nicolaus restated a buy rating and set a $87.00 target price on shares of EQT in a research report on Thursday, September 14th. SunTrust Banks restated a hold rating and set a $65.00 target price on shares of EQT in a research report on Friday, December 8th. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $64.00 price target on shares of EQT in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. EQT currently has an average rating of Hold and an average price target of $76.75.

EQT (NYSE EQT) opened at $58.46 on Wednesday. EQT has a 1 year low of $49.63 and a 1 year high of $67.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $15,530.00, a price-to-earnings ratio of 292.30, a P/E/G ratio of 2.61 and a beta of 0.76.

EQT (NYSE:EQT) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.17. EQT had a net margin of 1.39% and a return on equity of 1.61%. The firm had revenue of $660.30 million for the quarter, compared to analyst estimates of $667.05 million. During the same period last year, the firm posted ($0.26) EPS. EQT’s quarterly revenue was up 18.6% on a year-over-year basis. equities analysts anticipate that EQT will post 0.87 earnings per share for the current year.

In other EQT news, Director Thomas F. Karam purchased 10,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was bought at an average price of $59.26 per share, for a total transaction of $592,600.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $1,185,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman David L. Porges sold 53,760 shares of EQT stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $59.14, for a total value of $3,179,366.40. Following the completion of the sale, the chairman now owns 438,601 shares of the company’s stock, valued at approximately $25,938,863.14. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in EQT by 13.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,328,251 shares of the oil and gas producer’s stock valued at $136,412,000 after buying an additional 270,054 shares during the period. State of Tennessee Treasury Department grew its holdings in EQT by 22.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 821,326 shares of the oil and gas producer’s stock valued at $53,584,000 after buying an additional 150,856 shares during the period. Lord Abbett & CO. LLC grew its holdings in EQT by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 697,211 shares of the oil and gas producer’s stock valued at $40,850,000 after buying an additional 14,019 shares during the period. Mitchell Group Inc. grew its holdings in EQT by 11.1% in the 2nd quarter. Mitchell Group Inc. now owns 555,569 shares of the oil and gas producer’s stock valued at $32,551,000 after buying an additional 55,330 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in EQT by 8.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 474,265 shares of the oil and gas producer’s stock valued at $27,787,000 after buying an additional 38,836 shares during the period. Institutional investors own 90.54% of the company’s stock.

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About EQT

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 (NYSE:EQT)

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