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EQT (EQT) Receives a Buy from UBS

Tipranks - Sat Apr 25, 8:10AM CDT

In a report released today, Josh Silverstein from UBS maintained a Buy rating on EQT, with a price target of $74.00.

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According to TipRanks, Silverstein is a 5-star analyst with an average return of 13.3% and a 65.21% success rate. Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Murphy Oil, and APA.

In addition to UBS, EQT also received a Buy from Truist Financial’s Gabriel Daoud in a report issued yesterday. However, on April 22, Siebert Williams Shank & Co maintained a Hold rating on EQT (NYSE: EQT).

Based on EQT’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.38 billion and a net profit of $1.55 billion. In comparison, last year the company earned a revenue of $2.42 billion and had a net profit of $242.14 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.

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