J.P. Morgan Sticks to Its Buy Rating for EQT (EQT)
J.P. Morgan analyst Arun Jayaram maintained a Buy rating on EQT yesterday and set a price target of $68.00. The company’s shares closed yesterday at $59.03.
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Jayaram covers the Energy sector, focusing on stocks such as Conocophillips, Exxon Mobil, and EQT. According to TipRanks, Jayaram has an average return of 14.6% and a 63.85% success rate on recommended stocks.
In addition to J.P. Morgan, EQT also received a Buy from Barclays’s Betty Jiang in a report issued yesterday. However, on February 20, RBC Capital maintained a Hold rating on EQT (NYSE: EQT).
Based on EQT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.27 billion and a net profit of $677.1 million. In comparison, last year the company earned a revenue of $1.81 billion and had a net profit of $418.4 million
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