EQT (NYSE:EQT) PT Lowered to $37.00 at JPMorgan Chase & Co.

EQT (NYSE:EQT) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $42.00 to $37.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas producer’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.46% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Piper Sandler lowered EQT from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $43.00 to $32.00 in a research note on Thursday, August 15th. Scotiabank upped their price target on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Stephens cut their price target on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Wolfe Research initiated coverage on EQT in a report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target on the stock. Finally, Citigroup reiterated a “neutral” rating and issued a $37.00 price objective on shares of EQT in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.82.

EQT Stock Up 1.0 %

EQT stock opened at $33.20 on Thursday. The stock has a market capitalization of $14.66 billion, a PE ratio of 24.05 and a beta of 1.06. EQT has a 12 month low of $30.02 and a 12 month high of $45.23. The business has a 50 day simple moving average of $33.56 and a 200-day simple moving average of $36.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.12. The firm had revenue of $952.51 million during the quarter, compared to analysts’ expectations of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.17) earnings per share. On average, analysts anticipate that EQT will post 1.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC increased its position in EQT by 3.8% during the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after buying an additional 300 shares in the last quarter. Czech National Bank increased its position in EQT by 0.5% during the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock worth $2,683,000 after purchasing an additional 332 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in EQT by 5.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock valued at $254,000 after purchasing an additional 336 shares during the last quarter. Hancock Whitney Corp raised its stake in EQT by 3.0% in the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after purchasing an additional 419 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its stake in EQT by 1.4% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 30,361 shares of the oil and gas producer’s stock valued at $1,125,000 after purchasing an additional 428 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Company Profile

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.