Siebert Williams Shank & Co Reaffirms Their Hold Rating on EQT (EQT)
In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on EQT, with a price target of $64.00.
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According to TipRanks, Sorbara is a 5-star analyst with an average return of 13.5% and a 62.81% success rate. Sorbara covers the Energy sector, focusing on stocks such as CNX Resources, Devon Energy, and Ovintiv.
In addition to Siebert Williams Shank & Co, EQT also received a Hold from Roth MKM’s Leo Mariani in a report issued on April 14. However, on April 17, Barclays maintained 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 58 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 Upcoming Earnings Report: What to Expect?
- 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
