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RBC Capital Sticks to Their Buy Rating for EQT (EQT)

RBC Capital analyst Scott Hanold maintained a Buy rating on EQT (EQTResearch Report) on April 25 and set a price target of $52.00. The company’s shares closed last Tuesday at $38.94.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 23.0% and a 59.7% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $49.42 average price target, implying a 23.1% upside from current levels. In a report issued on April 21, Piper Sandler also maintained a Buy rating on the stock with a $58.00 price target.

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EQT’s market cap is currently $14.95B and has a P/E ratio of -9.11.

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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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