Stephens reaffirmed their overweight rating on shares of EQT (NYSE:EQT – Free Report) in a research note published on Thursday,Benzinga reports. The firm currently has a $71.00 price target on the oil and gas producer’s stock.
A number of other equities analysts also recently issued reports on EQT. JPMorgan Chase & Co. cut their target price on EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. The Goldman Sachs Group dropped their price objective on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Citigroup cut their price objective on EQT from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. UBS Group raised their target price on EQT from $73.00 to $77.00 and gave the company a “buy” rating in a report on Monday, September 14th. Finally, Zacks Research upgraded shares of EQT from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus price target of $68.14.
Get Our Latest Research Report on EQT
EQT Trading Down 0.7%
EQT (NYSE:EQT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $0.45 EPS. EQT’s revenue for the quarter was down 29.2% on a year-over-year basis. As a group, equities research analysts anticipate that EQT will post 3.92 earnings per share for the current year.
EQT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is 15.31%.
Insiders Place Their Bets
In other EQT news, CEO Toby Rice sold 175,328 shares of EQT stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the completion of the transaction, the chief executive officer owned 2,157,865 shares in the company, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.72% of the company’s stock.
Institutional Investors Weigh In On EQT
Large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in EQT during the 2nd quarter worth about $3,204,125,000. Bank of New York Mellon Corp purchased a new position in EQT during the second quarter worth about $512,148,000. Wellington Management Group LLP lifted its position in EQT by 41.4% during the second quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock worth $1,199,807,000 after buying an additional 6,603,286 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in EQT in the 2nd quarter worth about $163,705,000. Finally, Legal & General Group Plc acquired a new stake in EQT in the 2nd quarter worth about $127,420,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
More EQT News
Here are the key news stories impacting EQT this week:
- Positive Sentiment: Analyst support: Stephens reaffirmed its “overweight” rating and set a $71 price target, implying substantial upside from the recent trading level. Stephens Reaffirms EQT Overweight Rating
- Positive Sentiment: Long-term bullish view: The Motley Fool identified EQT as a leading natural-gas stock for 2027 and beyond, citing its scale and positioning in the U.S. gas market. This is an opinion-based catalyst rather than a new company announcement. My Top Natural Gas Stock Pick for 2027 and Beyond
- Neutral Sentiment: Options activity: Traders purchased a large volume of EQT put options. The activity may reflect hedging or bearish speculation, but it does not change EQT Corporation’s fundamentals. Stock Traders Buy Large Volume of EQT Put Options
- Negative Sentiment: Natural-gas market risk: UBS warned that EQT’s third-quarter results may face pressure from weak gas prices and production cuts. This raises the risk of earnings falling short of expectations. EQT Q3 Results May Face Pressure From Weak Gas Prices
- Neutral Sentiment: Important attribution: Reports about a $50 billion India investment, Adani data centers, Rexford logistics properties, Indesso, Credila, DICE/Fever and McGill concern Sweden’s EQT Group or its affiliates—not EQT Corporation (NYSE: EQT). They should not be treated as direct catalysts for the U.S. natural-gas producer’s stock.
About EQT
EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company primarily develops and operates unconventional oil and gas properties in the Appalachian Basin, with a focus on natural gas production from the Marcellus and Utica shale formations.
EQT’s products include natural gas, natural gas liquids and condensate. Its operations span drilling, well completion, production and related gathering activities, supporting the delivery of energy to utilities, industrial customers, marketers and other buyers.
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