EQT (NYSE:EQT) Upgraded by Truist Financial to Strong-Buy Rating

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

Several other analysts have also issued reports on the company. The Goldman Sachs Group dropped their price objective on EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Piper Sandler increased their price target on EQT from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Mizuho increased their price target on EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a report on Sunday, January 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.70.

EQT Stock Down 0.0%

Shares of EQT stock opened at $65.22 on Monday. 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 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. EQT has a 52-week low of $43.57 and a 52-week high of $67.26.

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

Insider Activity

In other news, CAO Todd James sold 32,514 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 58,796 shares in the company, valued at approximately $3,593,611.52. This trade represents a 35.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sarah Fenton sold 4,876 shares of EQT stock in a transaction that occurred on 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 directly owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 61,158 shares of company stock valued at $3,742,983. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On EQT

A number of hedge funds and other institutional investors have recently modified their holdings of EQT. Reaves W H & Co. Inc. lifted its position in shares of EQT by 213.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer’s stock valued at $56,021,000 after acquiring an additional 700,732 shares during the period. Sound Shore Management Inc CT grew its holdings in shares of EQT by 31.8% during the 3rd quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock worth $83,105,000 after purchasing an additional 368,748 shares in the last quarter. SG Americas Securities LLC increased its position in shares of 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 worth $27,746,000 after purchasing an additional 360,049 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of 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 worth $29,092,000 after purchasing an additional 287,538 shares during the period. Finally, KTF Investments LLC acquired a new position in EQT in the fourth quarter valued at about $8,885,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT News Summary

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.

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.