Truist Financial Upgrades EQT (NYSE:EQT) to Strong-Buy

EQT (NYSE:EQT) was upgraded by stock analysts at Truist Financial to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Stephens increased their price target on shares of EQT from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, February 18th. TD Securities raised EQT to a “strong-buy” rating in a research report on Friday, February 20th. Wolfe Research increased their target price on EQT from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Siebert Williams Shank lifted their target price on EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, BMO Capital Markets boosted their price target on EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.70.

EQT Stock Performance

Shares of EQT stock opened at $65.22 on Monday. EQT has a 1 year low of $43.57 and a 1 year high of $67.26. The firm’s 50-day moving average is $58.61 and its 200 day moving average is $56.26. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.25 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. EQT had a net margin of 23.59% and a return on equity of 7.25%. EQT’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Sell-side analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Insider Activity

In related news, insider Lesley Evancho sold 20,000 shares of EQT stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $60.69, for a total value of $1,213,800.00. Following the completion of the sale, the insider owned 184,607 shares of the company’s stock, valued at $11,203,798.83. The trade was a 9.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sarah Fenton sold 4,876 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $64.49, for a total value of $314,453.24. Following the sale, the executive vice president owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. This trade represents a 8.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,158 shares of company stock valued at $3,742,983 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EQT

Large investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of EQT during the 4th quarter valued at about $26,000. Aventura Private Wealth LLC purchased a new position in shares of EQT in the fourth quarter worth approximately $31,000. Fortitude Family Office LLC boosted its holdings in shares of EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in EQT during the second quarter valued at approximately $41,000. Finally, Elyxium Wealth LLC bought a new stake in EQT during the fourth quarter valued at approximately $49,000. 90.81% of the stock is currently owned by institutional investors.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT upsized and expanded its cash tender offer, increasing the aggregate cap to $1.4 billion and accepting early tenders — a move that reduces near-term debt burden, optimizes the capital structure and should lower interest expense/ refinancing risk. Read More.
• Positive Sentiment: EQT announced pricing and the amounts accepted for purchase across multiple series of senior notes, clarifying the cash outflow and expected impact on debt maturities — improves transparency for investors assessing free cash flow and leverage. Read More.
• Positive Sentiment: Truist initiated coverage with a Buy rating and $74 price target, signaling institutional optimism and providing a visible catalyst for upside vs. the current stock level. Read More.
• Positive Sentiment: Bernstein reiterated/stuck to its Buy rating, reinforcing favorable analyst sentiment around EQT’s fundamentals and outlook. Read More.
• Neutral Sentiment: Industry trend: top U.S. natural gas producers are seeking to remove third‑party middlemen from sales — this could lift realized prices and margins for producers like EQT over time, but benefits depend on execution and contract mechanics. Read More.
• Neutral Sentiment: CEO commentary highlights a larger future role for U.S. LNG — a positive strategic tailwind for volumes/pricing over the medium term, but timing and capex implications remain uncertain. Read More.
• Negative Sentiment: Recent quarterly results were mixed: EPS beat but revenue slightly missed consensus — a reminder that near‑term top‑line execution and commodity price exposure can create volatility in results. (Background: Q4 report 2/17; revenue $2.09B vs. $2.13B est.) Read More.
• Negative Sentiment: Piper Sandler moved to a Hold, adding a cautious counterpoint to recent buy-side enthusiasm — a potential drag on positive momentum if other sell-side shops follow. Read More.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.