Mixed Analyst Attention: EQT Corporation (EQT), Enphase Energy, Inc. (ENPH)

The shares of EQT Corporation (NYSE:EQT) has been pegged with a rating of Neutral by Macquarie in its latest research note that was published on May 30th, 2019. Macquarie wasn’t the only research firm that published a report of EQT Corporation, with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on May 20th, 2019, to Outperform the EQT stock while also putting a $32 price target. The stock had earned Neutral rating from MKM Partners when it published its report on April 16th, 2019. That day the MKM Partners set price target on the stock to $23. The stock was given Sector Perform rating by RBC Capital Mkts in its report released on January 7th, 2019. MKM Partners was of a view that EQT is Buy in its latest report on December 6th, 2018 while giving it a price target of $28. Goldman thinks that EQT is worth Buy rating. This was contained in the firm’s report on November 20th, 2018.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $20.32. The price of the stock the last time has raised by 6.49% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 34.51.

The shares of the company added by 1.07% during the trading session on Tuesday, reaching a low of $11.92 while ending the day at $12.30. During the trading session, a total of 6.28 million shares were traded which represents a -29.29% decline from the average session volume which is 4.86M shares. EQT had ended its last session trading at 12.17. EQT Corporation currently has a market cap of $3.28B while its P/E earnings growth sits at 0.72, with a beta of 0.59. EQT Corporation debt-to-equity ratio currently stands at 0.44, while its quick ratio hovers at 1.00. EQT 52-week low price stands at $11.55 while its 52-week high price is $28.31.

The company in its last quarterly report recorded $0.09 earnings per share which is above the $0.02 predicted by most analysts. The EQT Corporation generated $958.44 million in revenue during the last quarter, which is slightly higher than the $947.59 million predicted by analysts. In the second quarter last year, the firm recorded $0.83 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -822.22%. EQT Corporation has the potential to record -2.85 EPS for the current fiscal year, according to equities analysts.

Investment analysts at H.C. Wainwright published a research note on July 31st, 2019 where it informed investors and clients that Enphase Energy, Inc. (NASDAQ:ENPH) is now rated as Buy. Their price target on the stock stands at $36. Wells Fargo also rated ENPH as Upgrade on May 20th, 2019, with its price target of $116 suggesting that ENPH could down by -10.44% from its current share price. Even though the stock has been trading at $30.90/share, analysts expect it to surge higher by 4.11% to reach $29.13/share. It started the day trading at $32.36 and traded between $30.57 and $32.17 throughout the trading session.

A look at its technical shows that ENPH’s 50-day SMA is 20.98 while its 200-day SMA stands at 11.44. The stock has a high of $32.80 for the year while the low is $3.70. The company’s P/E ratio currently sits at 402.12, while the P/B ratio is 31.23. At the moment, only of Enphase Energy, Inc. shares were sold short. The company’s average trading volume currently stands at 4.07M shares, which means that the short-interest ratio is just 3.24 days. Over the past seven days, the company moved, with its shift of 12.01%. Looking further, the stock has raised 129.46% over the past 90 days while it gained 323.29% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Park West Asset Management LLC bought more ENPH shares, increasing its portfolio by +34.62% during the last quarter. This move now sees Park West Asset Management LLC purchasing 1,553,613 shares in the last quarter, thus it now holds 6,041,392 shares of ENPH, with a total valuation of $170,065,185. BlackRock Fund Advisors meanwhile bought more ENPH shares in the recently filed quarter, changing its stake to $146,942,775 worth of shares. Electron Capital Partners LLC followed the path by decreasing its ENPH portfolio by -5.51% in the quarter. This means that Electron Capital Partners LLC sold -272,076 shares in the last quarter and now controls 4,664,880 shares of the ENPH stock, with the valuation hitting $131,316,372.

Similarly, Gilder Gagnon Howe Co LLC increased its Enphase Energy, Inc. shares by +30.45% during the recently filed quarter. After buying 1,053,833 shares in the last quarter, the firm now controls 4,514,342 shares of Enphase Energy, Inc. which are valued at $127,078,727. In the same vein, Greenvale Capital LLP increased its Enphase Energy, Inc. shares by during the most recent reported quarter. The firm bought 1,655,741 shares during the quarter which increased its stakes to 4,500,000 shares and is now valued at $126,675,000. Following these latest developments, around 1.90% of Enphase Energy, Inc. stocks are owned by institutional investors and hedge funds.