In a report issued on June 16, Vincent Lovaglio from Mizuho Securities maintained a Buy rating on EQT (EQT – Research Report), with a price target of $65.00. The company’s shares closed last Friday at $35.94.
According to TipRanks.com, Lovaglio is a top 25 analyst with an average return of 40.5% and a 74.3% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.
EQT has an analyst consensus of Strong Buy, with a price target consensus of $53.43, a 38.2% upside from current levels. In a report issued on June 6, Morgan Stanley also maintained a Buy rating on the stock with a $50.00 price target.
Based on EQT’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.5 billion and GAAP net loss of $1.52 billion. In comparison, last year the company earned revenue of $1.14 billion and had a GAAP net loss of $37.43 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. The EQT Production segment focuses on the exploration, development and production of natural gas, natural gas liquids and crude oil. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
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