27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
EQT (NYSE:EQT) underwent analysis by 25 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 7 | 13 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 3 | 7 | 0 | 0 |
| 2M Ago | 2 | 3 | 4 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts have recently evaluated EQT and provided 12-month price targets. The average target is $41.8, accompanied by a high estimate of $60.00 and a low estimate of $27.00. This current average has decreased by 0.81% from the previous average price target of $42.14.
Investigating Analyst Ratings: An Elaborate Study
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 |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Raises | Neutral | $43.00 | $40.00 |
| Mike Scialla | Stephens & Co. | Raises | Equal-Weight | $47.00 | $46.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $41.00 | $47.00 |
| David Deckelbaum | TD Cowen | Announces | Hold | $43.00 | - |
| Devin McDermott | Morgan Stanley | Raises | Overweight | $49.00 | $37.00 |
| Roger Read | Wells Fargo | Lowers | Equal-Weight | $37.00 | $48.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $40.00 | $39.00 |
| Cameron Bean | Scotiabank | Raises | Sector Outperform | $52.00 | $40.00 |
| 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 |
| Jean Ann Salisbury | Bernstein | Lowers | Underperform | $27.00 | $30.00 |
| 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 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to EQT. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey 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.
For valuable insights into EQT's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on EQT analyst ratings.
Delving into EQT's Background
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.
Financial Insights: EQT
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining EQT's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -28.89% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: EQT's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.93%, the company may face hurdles in effective cost management.
Return on Equity (ROE): EQT's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.69%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): EQT's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.41%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.36.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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