EQT (EQT) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of EQT (NYSE: EQT) recently:

• 1/15/2025 – EQT was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $73.00 price target on the stock.
• 1/13/2025 – EQT had its price target raised by analysts at Truist Financial Co. from $41.00 to $56.00. They now have a “hold” rating on the stock.
• 1/8/2025 – EQT had its price target raised by analysts at Wells Fargo & Company from $52.00 to $53.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – EQT had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $49.00 price target on the stock.
• 1/3/2025 – EQT had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $53.00. They now have an “overweight” rating on the stock.
• 1/3/2025 – EQT had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $55.00. They now have a “buy” rating on the stock.
• 12/30/2024 – EQT was upgraded by analysts at StockNews.com to a “sell” rating.
• 12/16/2024 – EQT was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $57.00 price target on the stock, up previously from $48.00.
• 12/6/2024 – EQT is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $50.00 price target on the stock.
• 12/6/2024 – EQT had its price target raised by analysts at Citigroup Inc. from $44.00 to $51.00. They now have a “buy” rating on the stock.
• 12/5/2024 – EQT was upgraded by analysts at Sanford C. Bernstein to a “hold” rating.
• 12/3/2024 – EQT had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $49.00 price target on the stock.
• 11/26/2024 – EQT had its price target raised by analysts at Mizuho from $45.00 to $48.00. They now have a “neutral” rating on the stock.
• 11/26/2024 – EQT had its price target raised by analysts at Truist Financial Co. from $32.00 to $41.00. They now have a “hold” rating on the stock.
• 11/25/2024 – EQT had its price target raised by analysts at Wells Fargo & Company from $42.00 to $52.00. They now have an “overweight” rating on the stock.
• 11/25/2024 – EQT had its price target raised by analysts at Morgan Stanley from $45.00 to $56.00. They now have an “overweight” rating on the stock.

EQT Trading Up 3.3 %

Shares of NYSE EQT traded up $1.69 during mid-day trading on Wednesday, hitting $52.38. 10,470,475 shares of the company traded hands, compared to its average volume of 8,393,941. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.65. EQT Co. has a 1 year low of $30.02 and a 1 year high of $53.00. The stock has a market capitalization of $31.25 billion, a price-to-earnings ratio of 62.36 and a beta of 1.12. The business has a 50 day moving average of $45.09 and a two-hundred day moving average of $38.45.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. EQT had a net margin of 5.52% and a return on equity of 3.74%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that EQT Co. will post 1.37 earnings per share for the current fiscal year.

Insider Activity

In other EQT news, Director Thomas F. Karam sold 30,154 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total transaction of $1,351,803.82. Following the completion of the sale, the director now directly owns 201,608 shares in the company, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EQT

Large investors have recently made changes to their positions in the business. HM Payson & Co. purchased a new position in EQT during the third quarter valued at approximately $25,000. Truvestments Capital LLC acquired a new stake in shares of EQT during the 3rd quarter valued at $30,000. Hexagon Capital Partners LLC grew its holdings in shares of EQT by 18,080.0% during the 3rd quarter. Hexagon Capital Partners LLC now owns 909 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 904 shares in the last quarter. Quarry LP increased its stake in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 578 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of EQT during the third quarter worth $36,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.