Across the recent three months, 18 analysts have shared their insights on EQT EQT, expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 8 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 4 | 1 | 6 | 0 | 0 |
| 2M Ago | 0 | 3 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $42.39, with a high estimate of $60.00 and a low estimate of $34.00. This current average has decreased by 2.48% from the previous average price target of $43.47.
Interpreting Analyst Ratings: A Closer Look
The standing of EQT among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jean Ann Salisbury | Bernstein | Raises | Market Perform | $34.00 | $27.00 |
| Neal Dingmann | Truist Securities | Lowers | Hold | $35.00 | $37.00 |
| Lloyd Byrne | Jefferies | Raises | Buy | $43.00 | $42.00 |
| Nitin Kumar | Mizuho | Maintains | Neutral | $39.00 | - |
| Umang Choudhary | Goldman Sachs | Lowers | Buy | $43.00 | $48.00 |
| 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 adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EQT. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of EQT compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for EQT's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into EQT's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with 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.
EQT's Financial Performance
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: EQT's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -46.7%. This indicates a decrease in the company's 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 net margin is impressive, surpassing industry averages. With a net margin of 36.61%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): EQT's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.47%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): EQT's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 2.01%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.4.
How Are Analyst Ratings Determined?
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.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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