Wells Fargo analyst Roger Read maintains $EQT Corp (EQT.US)$ with a buy rating, and maintains the target price at $52.
According to TipRanks data, the analyst has a success rate of 61.2% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
EQT Corporation has shown a notable performance compared to its gas industry peers, registering a 40% increase since mid-September, though it remains a laggard on a year-to-date basis. This performance is recognized in the wake of a robust Q3 report and ongoing progress in the integration of Equitrans Midstream, with anticipated 'upside synergies' factored into projections.
As EQT Corporation sees declining leverage and clearer merger synergies, anticipated increased investor interest is on the horizon. The prospects of favorable gas demand growth continue to offer additional support.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
