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Siebert Williams Shank & Co Sticks to Its Hold Rating for EQT (EQT)

Tipranks - Tipranks - Wed Feb 18, 6:27AM CST

In a report released on February 13, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Hold rating on EQT, with a price target of $62.00. The company’s shares closed last Friday at $58.70.

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According to TipRanks, Sorbara is a 5-star analyst with an average return of 15.1% and a 63.49% success rate. Sorbara covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and CNX Resources.

EQT has an analyst consensus of Moderate Buy, with a price target consensus of $65.53, implying an 11.64% upside from current levels. In a report released on January 30, RBC Capital also maintained a Hold rating on the stock with a $62.00 price target.

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Based on EQT’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.82 billion and a net profit of $335.86 million. In comparison, last year the company earned a revenue of $1.22 billion and had a GAAP net loss of $300.82 million

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