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Wells Fargo Believes EQT (EQT) Still Has Room to Grow

In a report released today, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on EQT (EQTResearch Report), with a price target of $37.00. The company’s shares closed last Friday at $27.00, close to its 52-week high of $27.56.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 35.8% and a 87.6% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $32.00 average price target, representing a 18.5% upside. In a report issued on March 4, RBC Capital also maintained a Buy rating on the stock with a $34.00 price target.

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The company has a one-year high of $27.56 and a one-year low of $15.71. Currently, EQT has an average volume of 8.35M.

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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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