EQT (NYSE:EQT) Stock Rating Upgraded by Zacks Research

EQT (NYSE:EQT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

EQT has been the subject of several other reports. Piper Sandler raised their price target on shares of EQT from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Citigroup decreased their price target on shares of EQT from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Wolfe Research increased their price objective on EQT from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group reissued a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Finally, JPMorgan Chase & Co. boosted their target price on EQT from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and an average price target of $66.70.

EQT Trading Up 4.0%

Shares of EQT opened at $67.92 on Tuesday. EQT has a twelve month low of $43.57 and a twelve month high of $67.99. The stock has a market cap of $42.44 billion, a PE ratio of 20.52, a P/E/G ratio of 1.25 and a beta of 0.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $58.97 and its 200-day moving average price is $56.34.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. The company 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 earnings per share. On average, equities analysts forecast 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 the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total value of $1,213,800.00. Following the completion of the transaction, the insider directly owned 184,607 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Todd James sold 32,514 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $61.12, for a total value of $1,987,255.68. Following the completion of the transaction, the chief accounting officer directly owned 58,796 shares in the company, valued at approximately $3,593,611.52. This represents a 35.61% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,158 shares of company stock worth $3,742,983. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EQT

Hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in shares of EQT by 104.4% during the 4th quarter. Captrust Financial Advisors now owns 40,787 shares of the oil and gas producer’s stock valued at $2,186,000 after buying an additional 20,828 shares in the last quarter. Adalta Capital Management LLC boosted its stake in EQT by 23.2% in the fourth quarter. Adalta Capital Management LLC now owns 13,920 shares of the oil and gas producer’s stock worth $746,000 after buying an additional 2,620 shares in the last quarter. Adams Natural Resources Fund Inc. grew its position in EQT by 19.1% during the fourth quarter. Adams Natural Resources Fund Inc. now owns 262,600 shares of the oil and gas producer’s stock valued at $14,075,000 after acquiring an additional 42,100 shares during the last quarter. Beck Capital Management LLC grew its position in EQT by 0.7% during the fourth quarter. Beck Capital Management LLC now owns 119,508 shares of the oil and gas producer’s stock valued at $6,406,000 after acquiring an additional 775 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its stake in shares of EQT by 9.0% during the fourth quarter. Motley Fool Asset Management LLC now owns 11,075 shares of the oil and gas producer’s stock worth $594,000 after acquiring an additional 918 shares in the last quarter. 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: Zacks upgraded EQT to a #1 (Strong Buy) and added it to momentum and income lists, highlighting favorable earnings revisions and making the stock a top pick for momentum-oriented and income-focused investors. EQT (EQT) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Truist (new coverage) initiated on EQT with a buy/strong-buy view and set a $74 price target, providing incremental analyst support and signaling ~9% upside to the current level. Analyst initiation often draws fresh interest from institutional buyers. Truist Securities initiates coverage of EQT (EQT) with buy recommendation
• Positive Sentiment: EQT expanded and priced a cash tender offer (upsized to $1.4B) to repurchase several series of senior notes and disclosed amounts accepted — a move that can lower interest expense, extend or optimize maturities, and improve leverage metrics if executed as planned. That debt action reduces a key balance-sheet overhang and supports valuation. EQT Announces Pricing of its Tender Offer …
• Positive Sentiment: Analyst estimate revisions and Zacks commentary indicate upward EPS momentum for EQT, supporting near-term upside expectations and reinforcing the rationale behind recent upgrades. Rising estimates are a common technical/ fundamental trigger for momentum flows. Why EQT (EQT) Might be Well Poised for a Surge
• Neutral Sentiment: Broader industry reporting notes U.S. natural-gas drillers pushing to sell more directly (removing middlemen), a structural shift that could boost realized prices for producers like EQT over time but depends on execution and market access. This is a sector tailwind but not an immediate company-specific catalyst. Top US Natural Gas Drillers Seek to Remove Middlemen From Sales

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.