Why EQT Stock Crushed the Market on Monday

Natural gas producer EQT (NYSE: EQT) produced plenty of gains on the stock market as the trading week kicked off. The company didn't have any significant news of its own to report, rather a pair of modest analyst price raises combined to give some lift to the shares. As a result the stock closed the day more than 3% higher, a markedly better performance than the S&P 500 index's 0.3% decline.Those prognosticator bumps, though newsworthy, were hardly coincidental. They came mere days after EQT reported its third-quarter earnings, in which it convincingly beat the consensus analyst estimate for profitability (although it slightly missed on the top line). The two pundits boosting their fair value assessments for EQT's stock were Josh Silverstein of UBS, and Piper Sandler's Mark Lear. While both held on to their neutral recommendations, the pair added $2 per share to their EQT price targets for new levels of $42 and $34, respectively. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool