Refiners, transporters surge: Niche energy markets defy oil slump
Several other equities research analysts also recently weighed in on EQT. Citigroup increased their price target on EQT from $44.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Stephens raised their target price on EQT from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Truist Financial boosted their price target on EQT from $41.00 to $56.00 and gave the company a "hold" rating in a report on Monday, January 13th. Bank of America assumed coverage on shares of EQT in a research note on Monday, October 28th. They set a "buy" rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group boosted their target price on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.94.
View Our Latest Stock Report on EQT
NYSE:EQT opened at $51.11 on Friday. 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's fifty day moving average price is $47.85 and its 200-day moving average price is $40.27. EQT has a 1-year low of $30.02 and a 1-year high of $54.85. The firm has a market capitalization of $30.50 billion, a P/E ratio of 60.84, a PEG ratio of 0.62 and a beta of 1.08.
In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at $9,038,086.64. This represents a 13.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company's stock.
Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of EQT by 38.7% during the 3rd quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the last quarter. State Street Corp boosted its stake in EQT by 24.5% during the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in EQT in the 3rd quarter valued at $562,494,000. Geode Capital Management LLC grew its holdings in EQT by 34.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after buying an additional 3,582,418 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EQT by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,093,857 shares of the oil and gas producer's stock worth $234,878,000 after acquiring an additional 80,799 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.
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.
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