EQT (EQT) Receives a Buy from Morgan Stanley
In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on EQT, with a price target of $58.39.
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According to TipRanks, McDermott is a 5-star analyst with an average return of 11.2% and a 59.27% success rate. McDermott covers the Energy sector, focusing on stocks such as Expand Energy, APA, and Devon Energy.
In addition to Morgan Stanley, EQT also received a Buy from Barclays’s Betty Jiang in a report issued today. However, on April 14, 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 66 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 Shareholders Approve Expanded Long-Term Incentive Plan
- 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.
