In a report issued on November 23, Scott Hanold from RBC Capital reiterated a Buy rating on EQT Corporation (EQT), with a price target of $27. The company’s shares closed on Friday at $18.11.
According to TipRanks.com, Hanold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 37.0% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.
EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $29.44, which is a 62.6% upside from current levels. In a report issued on November 15, Credit Suisse also maintained a Buy rating on the stock with a $25 price target.
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Based on EQT Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $39.69 million. In comparison, last year the company had a net profit of $23.34 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EQT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
EQT Corp. engages in natural gas production, gathering, and transmission in the Appalachian area. It operates through the following segments: EQT Production, EQT Gathering, EQT Transmission, RMP Gathering, and RMP Water. The EQT Production segment focuses on the exploration, development and production of natural gas, natural gas liquids and crude oil.
