Barclays Sticks to Its Buy Rating for EQT (EQT)
Barclays analyst Betty Jiang maintained a Buy rating on EQT today and set a price target of $69.00.
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Jiang covers the Energy sector, focusing on stocks such as Diamondback, APA, and Coterra Energy. According to TipRanks, Jiang has an average return of 5.0% and a 53.00% success rate on recommended stocks.
In addition to Barclays, EQT also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued today. However, on April 5, RBC Capital maintained a Hold 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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