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Scotiabank Sticks to Its Hold Rating for EQT (EQT)

Tipranks - Tipranks - Thu Feb 19, 6:28AM CST

Scotiabank analyst Cameron Bean maintained a Hold rating on EQT today and set a price target of $63.00.

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Bean covers the Energy sector, focusing on stocks such as CNX Resources, EQT, and Logan Energy Corp. According to TipRanks, Bean has an average return of 4.8% and a 54.38% success rate on recommended stocks.

In addition to Scotiabank, EQT also received a Hold from Siebert Williams Shank & Co’s Gabriele Sorbara in a report issued today. However, on the same day, Stephens maintained a Buy rating on EQT (NYSE: EQT).

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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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