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Comerica Bank has decreased its position in EQT Co. (NYE:EQT) by 33.7% in Q4. The bank sold 70,312 shares during the period, leaving it with 138,180 shares worth $4,863,000 at the end of the reporting period. Other large investors have also modified their holdings of the company. EQT’s stock has a 12-month low of $28.10 and a 12-month high of $51.97, with shares opening at $32.65 on Thursday. The company’s quarterly earnings data saw it post $0.42 EPS, below analyst expectations of $0.52. EQT also recently disclosed a quarterly dividend of $0.15 per share, representing a $0.60 dividend on an annualized basis and a yield of 1.84%.
Research firms have recently commented on EQT, with Wolfe Research upgrading the company’s shares from “peer perform” to “outperform” and setting a target price of $59.00. Piper Sandler also weighed in, dropping their price objective on EQT from $58.00 to $50.00. With a market cap of $11.77 billion, a P/E ratio of 7.94, and a beta of 1.16, analysts forecast that EQT Co. will post 3.61 EPS for the current fiscal year.
EQT Corporation Stock Forecast
According to 24 analysts, the average target price for EQT Corporation stock over the next 12 months is USD 50.86, with an average analyst ratings of Strong Buy. However, Stock Target Advisor’s own analysis of EQT Corporation’s stock is Bearish, based on 4 positive signals and 11 negative signals. As of the last closing, EQT Corporation’s stock price was USD 32.65, with a change of +0.15% over the past week, +7.37% over the past month, and -18.58% over the last year.
EQT Corporation is a natural gas production company that operates in the United States. The company has approximately 2.0 million gross acres, including 1.8 million gross acres in the Marcellus play, and as of December 31, 2022, it had 25.0 trillion cubic feet of proved natural gas, natural gas liquids, and crude oil reserves. EQT Corporation was established in 1878.