EQT (NYSE:EQT) Given New $45.00 Price Target at Mizuho

EQT (NYSE:EQT) had its price objective hoisted by equities researchers at Mizuho from $41.00 to $45.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas producer’s stock. Mizuho’s price objective would suggest a potential upside of 11.94% from the stock’s previous close.

EQT has been the topic of a number of other reports. Wolfe Research started coverage on shares of EQT in a report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price objective on the stock. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $44.00 in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price objective on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Stephens boosted their price objective on shares of EQT from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.83.

EQT Stock Performance

Shares of NYSE:EQT opened at $40.20 on Tuesday. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of 47.86 and a beta of 1.06. EQT has a 52 week low of $30.02 and a 52 week high of $42.44. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $35.56 and a 200 day moving average of $36.64.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.35 billion. EQT had a return on equity of 3.74% and a net margin of 5.52%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts predict that EQT will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in EQT in the 1st quarter valued at about $2,274,000. UniSuper Management Pty Ltd boosted its position in EQT by 563.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer’s stock valued at $1,079,000 after buying an additional 24,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of EQT by 17.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer’s stock valued at $17,374,000 after purchasing an additional 70,325 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock valued at $1,885,590,000 after purchasing an additional 3,942,802 shares in the last quarter. Finally, Swedbank AB acquired a new stake in shares of EQT in the 1st quarter valued at $4,073,000. Institutional investors and hedge funds 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.