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Jefferies Reaffirms Their Buy Rating on EQT (EQT)

Tipranks - Thu Feb 19, 9:40AM CST

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on EQT, with a price target of $71.00.

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According to TipRanks, Byrne is a 5-star analyst with an average return of 19.4% and a 60.09% success rate. Byrne covers the Energy sector, focusing on stocks such as Baker Hughes Company, Schlumberger, and Halliburton.

In addition to Jefferies, EQT also received a Buy from Evercore ISI’s Stephen Richardson in a report issued today. However, on the same day, Piper Sandler maintained a Hold rating on EQT (NYSE: EQT).

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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