BMO Capital Sticks to Its Buy Rating for EQT Corporation

By Jason Carr

In a report released yesterday, Phillip Jungwirth from BMO Capital reiterated a Buy rating on EQT Corporation (NYSE: EQT), with a price target of $75. The company’s shares opened today at $60.60.

According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.3% and a 57.7% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Rice Midstream Partners.

EQT Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $76.50.

The company has a one-year high of $75.74 and a one-year low of $49.63. Currently, EQT Corporation has an average volume of 3.53M.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EQT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EQT Corp. focuses on natural gas production, gathering and transmission in the Appalachian area. It operates its business through the following segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment engages in the exploration, development and production of natural gas, natural gas liquids and crude oil.