Stephens Lowers EQT (NYSE:EQT) Price Target to $68.00
by Kim Johansen · The Markets DailyEQT (NYSE:EQT – Get Free Report) had its price target lowered by Stephens from $69.00 to $68.00 in a report issued on Thursday,MarketScreener reports. The firm currently has an “overweight” rating on the oil and gas producer’s stock. Stephens’ target price would suggest a potential upside of 25.19% from the company’s current price.
Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EQT in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of EQT from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. UBS Group reaffirmed a “buy” rating on shares of EQT in a research report on Wednesday. Capital One Financial increased their target price on shares of EQT from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank Of Canada raised their target price on shares of EQT from $60.00 to $62.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Nineteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, EQT presently has an average rating of “Moderate Buy” and a consensus price target of $63.86.
Check Out Our Latest Research Report on EQT
EQT Stock Performance
Shares of EQT stock opened at $54.32 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $55.52 and its 200-day moving average price is $54.25. The firm has a market cap of $33.90 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.39 and a beta of 0.68. EQT has a 12 month low of $43.57 and a 12 month high of $62.23.
EQT (NYSE:EQT – Get Free Report) last posted its earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. EQT had a net margin of 22.59% and a return on equity of 6.88%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 52.6% on a year-over-year basis. On average, equities research analysts expect that EQT will post 3.27 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP J.E.B. Bolen sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total value of $75,067.38. Following the completion of the transaction, the executive vice president directly owned 69,486 shares in the company, valued at $3,668,165.94. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.65% of the company’s stock.
Hedge Funds Weigh In On EQT
Several hedge funds and other institutional investors have recently bought and sold shares of EQT. Aventura Private Wealth LLC acquired a new stake in EQT during the 4th quarter valued at approximately $31,000. Fortitude Family Office LLC boosted its holdings in EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in EQT during the 2nd quarter worth about $41,000. Anchor Investment Management LLC raised its stake in shares of EQT by 133.3% during the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 500 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of EQT by 38.1% in the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.
Key EQT News
Here are the key news stories impacting EQT this week:
- Positive Sentiment: EQT announced a planned acquisition of private‑equity firm Coller Capital for up to about $3.7 billion, a deal EQT says could roughly double Coller’s business within four years — a strategic move to expand fee‑based earnings and diversify revenue away from pure upstream production. WSJ: EQT to Acquire Coller Capital
- Positive Sentiment: FY2025 results topped expectations on adjusted profit and management highlighted the Coller transaction; the combination of the earnings beat and the deal press release appears to be driving near‑term investor enthusiasm. Investing.com: EQT shares rise after FY25 beat and Coller deal
- Positive Sentiment: Street momentum: a published “buy” recommendation and related coverage flagged as driving intraday buying, contributing to the recent multi‑day rally. This appears to have amplified reaction to the earnings and deal news. Yahoo Finance: EQT Soars on Buy Reco
- Positive Sentiment: Ongoing venture and buyout activity — EQT co‑led a Series B for Exciva and is rolling venture stakes into a new fund — signals active deal flow that supports fee income and longer‑term growth opportunities. PharmiWeb: Exciva funding co-led by EQT
- Neutral Sentiment: EQT is reported competing with peers for other specialty assets (e.g., an Encube stake) — deal activity can be accretive but also competitive and price‑sensitive. MSN: EQT competing to buy Encube stake
- Neutral Sentiment: Several bullish media pieces are pitching EQT as a buy on valuation and long‑term natural gas exposure — these can attract retail interest but are less likely to drive large institutional flows on their own. 247WallSt: Bullish take on EQT
- Negative Sentiment: Two brokers trimmed price targets (Scotiabank lowered to $63; Barclays to $64 from $67), which may cap upside from some institutional holders despite maintaining neutral/overweight views. MarketScreener: Scotiabank PT change
EQT Company Profile
EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.
In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.
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