Morgan Stanley Has Just Reaffirmed $67 Target Price Per Share on EQT (NYSE:EQT) stock, While They’ve Also Reiterated Their Equal-Weight Rating

February 22, 2018 - By Linda Rogers

 Morgan Stanley Has Just Reaffirmed $67 Target Price Per Share on EQT (NYSE:EQT) stock, While They’ve Also Reiterated Their Equal Weight Rating

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.20, from 0.88 in 2017Q2. It improved, as 37 investors sold EQT Corporation shares while 145 reduced holdings. 68 funds opened positions while 129 raised stakes. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported.

Boston Private Wealth Ltd Liability Corporation invested in 142,283 shares. Bnp Paribas Arbitrage invested 0.02% in EQT Corporation (NYSE:EQT). Pggm Invests invested in 0.01% or 20,673 shares. Nomura reported 0.01% of its portfolio in EQT Corporation (NYSE:EQT). Centre Asset Mngmt Limited Liability has invested 2.52% in EQT Corporation (NYSE:EQT). Liberty Mutual Asset holds 7,018 shares. Denver Advisors holds 0.11% in EQT Corporation (NYSE:EQT) or 34,574 shares. Hudson Valley Inv Advsrs Adv holds 0.06% or 3,750 shares. Bradley Foster Sargent Inc Ct owns 0.01% invested in EQT Corporation (NYSE:EQT) for 4,290 shares. Citadel Advisors Limited Liability holds 1.15M shares or 0.06% of its portfolio. Nwq Investment Mgmt Company Ltd Company owns 1.46% invested in EQT Corporation (NYSE:EQT) for 1.83M shares. Citigroup Inc has invested 0% in EQT Corporation (NYSE:EQT). 14,100 are owned by Mycio Wealth Ptnrs Ltd Liability. Texas-based Texas Permanent School Fund has invested 0.04% in EQT Corporation (NYSE:EQT). Eaton Vance invested in 0% or 23,531 shares.

Since January 1, 2018, it had 2 insider buys, and 0 sales for $40,356 activity. The insider Szydlowski Norman J bought $8,595.

EQT (NYSE:EQT) Rating Reaffirmed

In a note revealed to clients this morning, Morgan Stanley reiterated their Equal-Weight rating on EQT (NYSE:EQT) shares. The target price suggests a possible upside of 34.16 % from firm’s last stock close price.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.20, from 0.88 in 2017Q2. It improved, as 37 investors sold EQT Corporation shares while 145 reduced holdings. 68 funds opened positions while 129 raised stakes. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported.

Boston Private Wealth Ltd Liability Corporation invested in 142,283 shares. Bnp Paribas Arbitrage invested 0.02% in EQT Corporation (NYSE:EQT). Pggm Invests invested in 0.01% or 20,673 shares. Nomura reported 0.01% of its portfolio in EQT Corporation (NYSE:EQT). Centre Asset Mngmt Limited Liability has invested 2.52% in EQT Corporation (NYSE:EQT). Liberty Mutual Asset holds 7,018 shares. Denver Advisors holds 0.11% in EQT Corporation (NYSE:EQT) or 34,574 shares. Hudson Valley Inv Advsrs Adv holds 0.06% or 3,750 shares. Bradley Foster Sargent Inc Ct owns 0.01% invested in EQT Corporation (NYSE:EQT) for 4,290 shares. Citadel Advisors Limited Liability holds 1.15M shares or 0.06% of its portfolio. Nwq Investment Mgmt Company Ltd Company owns 1.46% invested in EQT Corporation (NYSE:EQT) for 1.83M shares. Citigroup Inc has invested 0% in EQT Corporation (NYSE:EQT). 14,100 are owned by Mycio Wealth Ptnrs Ltd Liability. Texas-based Texas Permanent School Fund has invested 0.04% in EQT Corporation (NYSE:EQT). Eaton Vance invested in 0% or 23,531 shares.

Since January 1, 2018, it had 2 insider buys, and 0 sales for $40,356 activity. The insider Szydlowski Norman J bought $8,595.

EQT Corporation (NYSE:EQT) Ratings Coverage

Among 21 analysts covering EQT Corporation (NYSE:EQT), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. EQT Corporation has $101 highest and $59 lowest target. $79.65’s average target is 59.49% above currents $49.94 stock price. EQT Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 30 by Jefferies. Morgan Stanley maintained EQT Corporation (NYSE:EQT) rating on Wednesday, January 24. Morgan Stanley has “Equal-Weight” rating and $59 target. Tudor Pickering downgraded the shares of EQT in report on Thursday, October 13 to “Hold” rating. The firm earned “Buy” rating on Monday, July 3 by Stifel Nicolaus. Deutsche Bank maintained the shares of EQT in report on Monday, September 28 with “Buy” rating. The stock of EQT Corporation (NYSE:EQT) has “Hold” rating given on Friday, April 7 by Jefferies. The rating was maintained by Morgan Stanley on Thursday, August 17 with “Equal-Weight”. Cowen & Co maintained the stock with “Buy” rating in Wednesday, October 18 report. The stock of EQT Corporation (NYSE:EQT) has “Hold” rating given on Thursday, November 9 by RBC Capital Markets. The stock of EQT Corporation (NYSE:EQT) earned “Sector Perform” rating by Howard Weil on Thursday, August 11.

The stock increased 0.26% or $0.13 during the last trading session, reaching $49.94. About 561,043 shares traded. EQT Corporation (NYSE:EQT) has declined 18.61% since February 22, 2017 and is downtrending. It has underperformed by 35.31% the S&P500.

Analysts await EQT Corporation (NYSE:EQT) to report earnings on April, 26. They expect $0.56 EPS, up 27.27 % or $0.12 from last year’s $0.44 per share. EQT’s profit will be $148.11 million for 22.29 P/E if the $0.56 EPS becomes a reality. After $0.76 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts -26.32 % negative EPS growth.

EQT Corporation, together with its subsidiaries, operates as an integrated energy firm in the United States. The company has market cap of $13.21 billion. The firm operates through three divisions: EQT Production, EQT Gathering, and EQT Transmission. It has a 6.21 P/E ratio. The EQT Production segment engages in the exploration for, development, and production of natural gas, natural gas liquids , and crude oil primarily in the Appalachian Basin.

More notable recent EQT Corporation (NYSE:EQT) news were published by: Seekingalpha.com which released: “EQT says considering increased takeaway as output surges” on February 15, 2018, also Businesswire.com with their article: “EQT Announces Plan to Separate Midstream Business” published on February 21, 2018, Cnbc.com published: “EQT, the biggest US natural gas producer, is spinning off its pipeline business” on February 21, 2018. More interesting news about EQT Corporation (NYSE:EQT) were released by: Nasdaq.com and their article: “EQT Corp (EQT) Beats Earnings and Revenues Estimates in Q4” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “EQT Corporation (EQT) Looks Good: Stock Adds 10% in Session” with publication date: February 16, 2018.

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