Piper Sandler Sticks to Their Hold Rating for EQT (EQT)
Piper Sandler analyst Mark Lear maintained a Hold rating on EQT today and set a price target of $55.00.
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According to TipRanks, Lear is a 4-star analyst with an average return of 5.1% and a 57.45% success rate. Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum.
In addition to Piper Sandler, EQT also received a Hold from Roth MKM’s Leo Mariani in a report issued on February 27. However, today, UBS maintained a Buy 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
Based on the recent corporate insider activity of 61 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, James Todd, the CAO of EQT sold 32,514.00 shares for a total of $1,987,255.68.
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- EQT Corporation price target lowered to $75 from $76 at UBS
- EQT Corporation price target raised to $70 from $66 at Wells Fargo
- EQT Corporation price target raised to $67 from $64 at Barclays
- EQT Corporation price target raised to $70 from $65 at TD Cowen
- EQT Corp Earnings Call Highlights Cash and Growth
