EQT (EQT) Gets a Buy from Jefferies
Jefferies analyst Lloyd Byrne maintained a Buy rating on EQT today and set a price target of $77.00.
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According to TipRanks, Byrne is a 5-star analyst with an average return of 21.8% and a 61.11% success rate. Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Suncor Energy.
In addition to Jefferies, EQT also received a Buy from UBS’s Josh Silverstein in a report issued on April 24. 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.
Read More on EQT:
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- EQT Corporation price target lowered to $74 from $75 at UBS
- EQT Corporation price target raised to $79 from $70 at Wells Fargo
- EQT Corp Earnings Call Highlights Cash and LNG Upside
- EQT Corporation: Operational Outperformance, LNG Leverage, and Free Cash Flow Strength Support Buy Rating and Upside Valuation
- EQT: Strong FCF, Deleveraging Progress, and LNG Upside Support Buy Rating and $74 Target
