EQT (NYSE:EQT) Downgraded by Citigroup to “Hold”

Citigroup downgraded shares of EQT (NYSE:EQT) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

EQT has been the topic of a number of other research reports. Truist Financial started coverage on EQT in a research note on Tuesday, March 24th. They issued a “buy” rating and a $74.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Morgan Stanley lifted their price objective on EQT from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Sanford C. Bernstein decreased their price objective on EQT from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday. Finally, Zacks Research upgraded EQT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.46.

EQT Trading Down 0.5%

EQT stock traded down $0.28 during midday trading on Monday, reaching $56.43. The company’s stock had a trading volume of 386,885 shares, compared to its average volume of 9,761,057. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day simple moving average of $60.92 and a two-hundred day simple moving average of $57.38. EQT has a 1 year low of $47.14 and a 1 year high of $68.24. The firm has a market capitalization of $35.26 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.09 and a beta of 0.70.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. EQT had a return on equity of 7.25% and a net margin of 23.59%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.69 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. On average, equities research analysts predict that EQT will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, May 6th. EQT’s payout ratio is 19.94%.

Insider Buying and Selling at EQT

In other news, CAO Todd James sold 32,514 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the sale, the chief accounting officer owned 58,796 shares in the company, valued at approximately $3,593,611.52. The trade was a 35.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was 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 in the company, valued at $3,414,938.97. The trade was a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,158 shares of company stock worth $3,742,983 over the last quarter. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

A number of large investors have recently modified their holdings of EQT. Reaves W H & Co. Inc. grew its stake in shares of EQT by 213.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer’s stock worth $56,021,000 after acquiring an additional 700,732 shares during the last quarter. Sound Shore Management Inc CT boosted its position in EQT by 31.8% in the third quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock valued at $83,105,000 after buying an additional 368,748 shares during the last quarter. SG Americas Securities LLC boosted its position in EQT by 228.5% in the fourth quarter. SG Americas Securities LLC now owns 517,651 shares of the oil and gas producer’s stock valued at $27,746,000 after buying an additional 360,049 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in EQT by 116.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after buying an additional 287,538 shares during the last quarter. Finally, KTF Investments LLC purchased a new stake in EQT in the fourth quarter valued at approximately $8,885,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

More EQT News

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT expanded long‑term LNG commitments, increasing contracted volumes tied to Commonwealth LNG — this links more production to higher‑value seaborne markets and supports longer‑term cashflow visibility. EQT Deepens LNG Ties
• Positive Sentiment: The Board declared a quarterly cash dividend of $0.165/share (payable June 1; record date May 6), a modest yield (~1.2%) that supports income‑oriented holders and signals confidence in near‑term free cash flow. EQT Declares Quarterly Cash Dividend
• Positive Sentiment: Analyst commentary (Zacks) suggests EQT has the setup to potentially beat in the upcoming earnings release — positive if realized, as recent results showed margin expansion and revenue growth. EQT Reports Next Week
• Neutral Sentiment: Sanford C. Bernstein trimmed its price target from $73 to $69 but kept an “outperform” rating — a modest reduction in upside expectations but still supportive analyst sentiment. Bernstein Cuts Price Target
• Neutral Sentiment: Zacks coverage also highlights EQT as a value candidate based on style scores and recent fundamentals — useful context but not an immediate catalyst. EQT Strong Value Stock
• Negative Sentiment: Citigroup downgraded EQT from “strong‑buy” to “hold,” a direct negative signal that can prompt short‑term selling by investors who track sell‑side positioning. Citigroup Downgrade (via Zacks)
• Negative Sentiment: Natural‑gas prices have slid to a multi‑month low, creating a near‑term headwind for EQT’s realized gas prices and revenue; sector price pressure can amplify selling even when company fundamentals look stable. Natural Gas Slides to 7‑Month Low

About EQT

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.