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EQT (EQT) Gets a Hold Rating from Siebert Williams Shank & Co

In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Hold rating on EQT (EQTResearch Report), with a price target of $23.00. The company’s shares closed last Wednesday at $21.50.

According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 6.7% and a 40.5% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Magnolia Oil & Gas, and Matador Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $30.63 average price target.

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Based on EQT’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.79 billion and GAAP net loss of $1.98 billion. In comparison, last year the company earned revenue of $599 million and had a GAAP net loss of $601 million.

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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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