EQT (EQT) Receives a Buy from Goldman Sachs
Goldman Sachs analyst maintained a Buy rating on EQT yesterday and set a price target of $65.00. The company’s shares closed yesterday at $56.71.
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In addition to Goldman Sachs, EQT also received a Buy from Barclays’s Betty Jiang in a report issued on April 7. However, yesterday, Roth MKM assigned a Hold rating to 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.
Read More on EQT:
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- EQT Corporation estimates Q1 loss on derivatives at $304M
- EQT Corporation loss on derivates higher than expected, says Roth Capital
- “If Interest Rates Were Spiking, This Market Would Be Very Different,” Says Jim Cramer
- EQT Corporation downgraded to Hold from Buy at TPH&Co.
- EQT Corporation price target raised to $76 from $68 at BMO Capital
