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Morgan Stanley Sticks to Its Hold Rating for EQT Corporation (EQT)


Morgan Stanley analyst Drew Venker maintained a Hold rating on EQT Corporation (NYSE: EQT) today and set a price target of $48. The company’s shares closed yesterday at $45.35, close to its 52-week low of $43.53.

According to TipRanks.com, Venker is ranked 0 out of 5 stars with an average return of -6.1% and a 32.7% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Range Resources Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EQT Corporation with a $59.20 average price target.

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The company has a one-year high of $66.03 and a one-year low of $43.53. Currently, EQT Corporation has an average volume of 2.9M.

Based on the recent corporate insider activity of 44 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.