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EQT (EQT) Received its Third Buy in a Row

After Credit Suisse and Citigroup gave EQT (NYSE: EQT) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Nitin Kumar CFA maintained a Buy rating on EQT today and set a price target of $62.00. The company’s shares closed last Friday at $34.20.

According to TipRanks.com, CFA is a top 100 analyst with an average return of 31.0% and a 75.7% success rate. CFA covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Magnolia Oil & Gas.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $53.00 average price target, a 52.3% upside from current levels. In a report issued on July 6, RBC Capital also maintained a Buy rating on the stock with a $55.00 price target.

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The company has a one-year high of $50.41 and a one-year low of $15.71. Currently, EQT has an average volume of 8.92M.

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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