Analysts rate EQT Corporation (EQT:NYE) with a Strong Buy rating and a $53 target

STA Research
by: STA Research
EQT Corporation

Based on the EQT Corporation stock forecast from 12 analysts, the average analyst EQT stock price target is USD 53.57 over the next 12 months. EQT Corporation’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of EQT stock forecast is Slightly Bearish, which is based on 3 positive signals and 7 negative signals. At the last closing, EQT Corporation stock price was USD 47.28EQT Corporation stock price has changed by -2.39% over the past week, +5.40% over the past month and +130.30% over the last year.

About EQT Corporation (EQT:NYE):

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.

 

What we like:

High market capitalization:

EQT stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow:

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow:

The company had positive total free cash flow in the most recent four quarters.

 

What we don’t like:

Poor risk adjusted returns:

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median total returns:

The company has under-performed its peers on annual average total returns in the past 5 years.

Below median dividend returns:

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings:

EQT stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced on cashflow basis:

EQT stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced on free cash flow basis:

EQT stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth:

This stock has shown below median earnings growth in the previous 5 years compared to its sector

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