Barclays Sticks to Its Buy Rating for EQT (EQT)
Barclays analyst Betty Jiang maintained a Buy rating on EQT yesterday. The company’s shares closed yesterday at $56.21.
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According to TipRanks, Jiang is a 4-star analyst with an average return of 5.0% and a 51.97% success rate. Jiang covers the Energy sector, focusing on stocks such as EOG Resources, Diamondback, and Exxon Mobil.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EQT with a $70.05 average price target, implying a 24.62% upside from current levels. In a report released on May 21, BMO Capital also maintained a Buy rating on the stock with a $70.00 price target.
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, Vicky Bailey, a Director at EQT sold 4,116.00 shares for a total of $246,136.80.
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