Morgan Stanley analyst Drew Venker maintained a Hold rating on EQT Corporation (NYSE: EQT) today and set a price target of $45. The company’s shares closed yesterday at $46.93, close to its 52-week low of $43.70.
According to TipRanks.com, Venker is a 1-star analyst with an average return of -3.9% and a 48.9% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Occidental Petroleum.
EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $59, representing a 25.7% upside. In a report issued on September 18, Jefferies also maintained a Hold rating on the stock with a $52 price target.
.
See today’s analyst top recommended stocks >>
Based on EQT Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.81 million. In comparison, last year the company had a net profit of $41.13 million.
Based on the recent corporate insider activity of 43 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.
