In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on EQT (EQT – Research Report), with a price target of $60.00. The company’s shares closed last Wednesday at $45.44, close to its 52-week high of $50.41.
According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 12.5% and a 45.1% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Magnolia Oil & Gas.
Currently, the analyst consensus on EQT is a Strong Buy with an average price target of $53.15, a 16.9% upside from current levels. In a report issued on July 13, RBC Capital also maintained a Buy rating on the stock with a $55.00 price target.
EQT’s market cap is currently $16.79B and has a P/E ratio of -5.50.
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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