19 Analysts Have This To Say About EQT
19 analysts have shared their evaluations of EQT (NYSE:EQT) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 6 | 11 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 3 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 2 | 5 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $50.16, along with a high estimate of $73.00 and a low estimate of $34.00. This current average has increased by 11.02% from the previous average price target of $45.18.
Diving into Analyst Ratings: An In-Depth Exploration
The perception of EQT by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mark Lear | Piper Sandler | Raises | Neutral | $35.00 | $34.00 |
| Cameron Bean | Scotiabank | Lowers | Sector Perform | $54.00 | $55.00 |
| Jean Ann Salisbury | Bernstein | Maintains | Outperform | $73.00 | $73.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $56.00 | $41.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $53.00 | $52.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $49.00 | $49.00 |
| Lloyd Byrne | Jefferies | Raises | Buy | $55.00 | $45.00 |
| Arun Jayaram | JP Morgan | Raises | Overweight | $53.00 | $50.00 |
| Nitin Kumar | Mizuho | Raises | Outperform | $57.00 | $48.00 |
| Scott Gruber | Citigroup | Raises | Buy | $51.00 | $44.00 |
| Bob Brackett | Bernstein | Announces | Market Perform | $50.00 | - |
| Scott Hanold | RBC Capital | Announces | Sector Perform | $49.00 | - |
| Nitin Kumar | Mizuho | Raises | Neutral | $48.00 | $45.00 |
| Neal Dingmann | Truist Securities | Raises | Hold | $41.00 | $32.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $52.00 | $42.00 |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $56.00 | $45.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $45.00 | $41.00 |
| Mark Lear | Piper Sandler | Raises | Neutral | $34.00 | $32.00 |
| Josh Silverstein | UBS | Raises | Neutral | $42.00 | $40.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to EQT. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EQT compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of EQT's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of EQT's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on EQT analyst ratings.
Get to Know EQT Better
EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and the transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
EQT: Delving into Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: EQT's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 20.71%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: EQT's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -24.72%, the company may face hurdles in effective cost management.
Return on Equity (ROE): EQT's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.7%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.93%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: EQT's debt-to-equity ratio is below the industry average. With a ratio of 0.68, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
What Are Analyst Ratings?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.