Bornite Capital Management LP Takes Position in EQT Corporation $EQT

Bornite Capital Management LP bought a new stake in shares of EQT Corporation (NYSE:EQT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 700,000 shares of the oil and gas producer’s stock, valued at approximately $37,219,000. EQT makes up approximately 4.7% of Bornite Capital Management LP’s holdings, making the stock its 15th biggest position.

A number of other institutional investors have also bought and sold shares of EQT. Greykasell Wealth Strategies Inc. purchased a new position in shares of EQT in the fourth quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in EQT during the 2nd quarter valued at approximately $26,000. Wedbush Fund Advisers LLC lifted its holdings in shares of EQT by 251.8% in the second quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 413 shares in the last quarter. Gables Capital Management Inc. purchased a new position in shares of EQT in the second quarter worth $37,000. Finally, Elyxium Wealth LLC bought a new position in shares of EQT during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: A reported LNG deal and second-quarter 2026 results helped reinforce expectations for EQT’s production and demand outlook. The combination of LNG-related commercial activity and operating performance appears to be the primary near-term catalyst supporting the stock. EQT Corp stock edges higher as LNG deal and Q2 2026 figures support
• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast for EQT to $4.58 from $4.50. It also made modest upward revisions to estimates for the first quarter of 2027, the third quarter of 2027 and the second quarter of 2028, suggesting some improvement in longer-term earnings expectations.
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current-year consensus EPS reference remains $3.96, indicating that the estimate revisions have not yet resulted in a more bullish overall analyst stance.
• Neutral Sentiment: Reports on EQT’s $3.2 billion combination with Coller Capital describe a transaction involving the global private-markets manager EQT AB, not the U.S. natural-gas producer EQT Corporation. The deal therefore appears unrelated to NYSE:EQT’s operating fundamentals, although the similar company names could create confusion. EQT completes $3.2bn combination with secondaries firm Coller Capital
• Negative Sentiment: Zacks reduced its EPS forecasts for the fourth quarter of 2027 and the first quarter of 2028, partly offsetting the upward revisions elsewhere. These cuts point to uncertainty around the timing and strength of EQT’s future earnings recovery.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EQT. Stephens raised their target price on shares of EQT from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group decreased their target price on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Freedom Capital raised EQT to a “strong-buy” rating in a research note on Tuesday, June 30th. Zacks Research upgraded EQT from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Citigroup reduced their price objective on EQT from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, EQT currently has an average rating of “Moderate Buy” and a consensus price target of $68.10.

EQT Stock Up 2.7%

Shares of NYSE EQT opened at $55.65 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT Corporation has a 12-month low of $47.94 and a 12-month high of $68.24. The firm’s 50-day moving average price is $52.46 and its 200-day moving average price is $56.39. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 12.91 and a beta of 0.58.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The company’s revenue was down 29.2% on a year-over-year basis. On average, equities research analysts anticipate that EQT Corporation will post 3.96 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 5th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. EQT’s payout ratio is currently 15.31%.

Insiders Place Their Bets

In related news, CEO Toby Z. Rice sold 175,328 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total value of $9,648,299.84. Following the completion of the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at $118,747,310.95. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 274,042 shares of company stock worth $15,005,076. Corporate insiders own 0.72% of the company’s stock.

EQT 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.