EQT (EQT) Receives a Rating Update from a Top Analyst
RBC Capital analyst Scott Hanold maintained a Hold rating on EQT yesterday and set a price target of $64.00.
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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Chord Energy, and Devon Energy. According to TipRanks, Hanold has an average return of 25.1% and a 72.46% success rate on recommended stocks.
In addition to RBC Capital, EQT also received a Hold from TD Cowen’s Robert Hodges in a report issued on March 26. However, today, TipRanks – OpenAI reiterated a Buy rating on EQT (NYSE: EQT).
Based on EQT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.27 billion and a net profit of $677.1 million. In comparison, last year the company earned a revenue of $1.81 billion and had a net profit of $418.4 million
Based on the recent corporate insider activity of 61 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. Last month, Sarah Fenton, the EVP UPSTREAM of EQT sold 4,876.00 shares for a total of $314,453.24.
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