EQT (NYSE:EQT) Given New $70.00 Price Target at Wells Fargo & Company

EQT (NYSE:EQT) had its target price lifted by research analysts at Wells Fargo & Company from $66.00 to $70.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 15.72% from the company’s previous close.

A number of other brokerages have also issued reports on EQT. Barclays dropped their target price on shares of EQT from $67.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. The Goldman Sachs Group cut their price objective on shares of EQT from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. TD Cowen lifted their target price on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of EQT in a report on Wednesday, January 21st. Finally, Stephens raised their price objective on EQT from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.27.

EQT Stock Performance

EQT traded up $0.72 during trading on Friday, hitting $60.49. The stock had a trading volume of 12,240,416 shares, compared to its average volume of 9,267,684. The firm has a market cap of $37.76 billion, a PE ratio of 18.27, a P/E/G ratio of 0.47 and a beta of 0.74. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.27. EQT has a 12 month low of $43.57 and a 12 month high of $62.23. The company has a 50 day simple moving average of $54.68 and a 200-day simple moving average of $54.55.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.17. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. Analysts expect that EQT will post 3.27 EPS for the current year.

Hedge Funds Weigh In On EQT

Several institutional investors have recently bought and sold shares of the business. Westpac Banking Corp boosted its stake in EQT by 6.6% in the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock worth $145,000 after purchasing an additional 165 shares in the last quarter. Parallel Advisors LLC lifted its position in EQT by 1.0% during the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after buying an additional 198 shares in the last quarter. Rothschild Investment LLC grew its holdings in EQT by 0.5% during the 4th quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after acquiring an additional 215 shares during the last quarter. Fortitude Family Office LLC increased its position in EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in EQT by 4.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT News Roundup

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Q4 earnings beat and operational drivers — EQT reported quarterly results that topped EPS expectations, driven by higher realized gas-equivalent prices and stronger sales volumes, which underpinned the earnings beat. Article Title
• Positive Sentiment: Large free cash flow and upgraded 2026 outlook — Management highlighted roughly $750M of Q4 free cash flow and raised 2026 production guidance while increasing its ownership in the Mountain Valley Pipeline to about 53%, signaling more control of midstream capacity and flexibility to fund buybacks, debt paydown or reinvestment. Article Title Article Title
• Positive Sentiment: Analyst upgrades lift sentiment — TD Cowen raised its target to $70 (buy) and JPMorgan lifted its target to $68 (overweight), both citing the company’s improved cash profile and outlook, which supports upside from current trading levels. TD Cowen Article JPMorgan Article
• Neutral Sentiment: CEO starts nonprofit with the Rockefellers — Toby Rice is launching a nonprofit to address energy access in low-income countries; positive for ESG/brand but unlikely to move fundamentals near-term. Article Title
• Neutral Sentiment: Call transcripts and summaries available — Full earnings call transcript and third‑party summaries provide more detail on capital allocation, production plans and commodity sensitivities for investors doing deeper due diligence. Call Transcript Earnings Summary
• Neutral Sentiment: Analyst/industry takeaways — Independent pieces (e.g., Seeking Alpha) are highlighting the strategic implications of the company’s “2x” production ambitions; useful for medium-term thesis but not an immediate catalyst. Seeking Alpha

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.