Providing a diverse range of perspectives from bullish to bearish, 13 analysts have published ratings on EQT EQT in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 6 | 5 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 3 | 4 | 0 | 0 |
| 2M Ago | 0 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $43.77, a high estimate of $60.00, and a low estimate of $37.00. This current average represents a 3.31% decrease from the previous average price target of $45.27.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive EQT is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lloyd Byrne | Jefferies | Lowers | Buy | $42.00 | $50.00 |
| Arun Jayaram | JP Morgan | Lowers | Neutral | $37.00 | $39.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $39.00 | $46.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $37.00 | $39.00 |
| Phillip Jungwirth | BMO Capital | Lowers | Outperform | $40.00 | $42.00 |
| Cameron Bean | Scotiabank | Lowers | Sector Perform | $40.00 | $43.00 |
| Doug Leggate | B of A Securities | Raises | Buy | $60.00 | $52.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $47.00 | $45.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $46.00 | - |
| Mark Lear | Piper Sandler | Lowers | Overweight | $45.00 | $49.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $39.00 | $41.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $49.00 | $52.00 |
| Scott Hanold | RBC Capital | Maintains | Outperform | $48.00 | - |
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: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of EQT compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of EQT's stock. This examination reveals shifts in analysts' expectations over time.
To gain a panoramic view of EQT's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on EQT analyst ratings.
Get to Know EQT Better
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Breaking Down EQT's Financial Performance
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining EQT's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -46.7% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: EQT's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 36.61%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): EQT's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.47%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): EQT's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 2.01%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.4.
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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