EQT (NYSE:EQT) Price Target Raised to $69.00

EQT (NYSE:EQT) had its price objective lifted by research analysts at Royal Bank Of Canada from $64.00 to $69.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has a “sector perform” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 16.49% from the company’s current price.

A number of other analysts have also commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of EQT in a research note on Monday, December 29th. Barclays boosted their price target on shares of EQT from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Sanford C. Bernstein boosted their price target on shares of EQT from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. UBS Group decreased their price target on shares of EQT from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group decreased their price target on shares of EQT from $70.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.67.

EQT Stock Down 2.4%

Shares of EQT traded down $1.46 during trading hours on Wednesday, hitting $59.23. The stock had a trading volume of 774,789 shares, compared to its average volume of 10,000,280. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $57.17. The firm has a market capitalization of $37.01 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.14 and a beta of 0.70. EQT has a 1-year low of $44.85 and a 1-year high of $68.24.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 EPS for the quarter, beating the consensus estimate of $0.76 by $0.14. The company 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 period last year, the business posted $0.69 EPS. Sell-side analysts predict that EQT will post 3.27 EPS for the current fiscal year.

Insider Activity at EQT

In related news, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the transaction, the insider directly owned 184,607 shares of the company’s stock, valued at $11,203,798.83. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sarah Fenton sold 4,876 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $64.49, for a total transaction of $314,453.24. Following the transaction, the executive vice president directly owned 52,953 shares in the company, valued at $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. Insiders have sold 61,158 shares of company stock valued at $3,742,983 over the last ninety days. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EQT. Greykasell Wealth Strategies Inc. bought a new position in shares of EQT during the fourth quarter valued at about $26,000. Aventura Private Wealth LLC purchased a new position in EQT in the fourth quarter worth $31,000. Fortitude Family Office LLC boosted its position in EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 280 shares during the last quarter. Elyxium Wealth LLC purchased a new position in EQT in the fourth quarter worth $49,000. Finally, Anchor Investment Management LLC boosted its position in EQT by 133.3% in the second quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 500 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Analyst upgrades and higher price targets: Wolfe Research raised its price target to $69 (Outperform) and Evercore raised its target to $70 (Outperform); Evercore ISI reiterated a Buy and Evercore commentary says the stock is expected to rise — these actions signal bullish broker sentiment and likely help drive NYSE:EQT buying interest. Read More. Read More.
• Positive Sentiment: Pennsylvania court blocks an anti‑fossil‑fuel group’s lawsuit seeking to stop EQT’s relocation of a natural‑gas well pad — the ruling preserves EQT’s ability to proceed with the project and reduces near‑term execution and permit risk for its Appalachian operations. Read More.
• Positive Sentiment: Street consensus is constructive: brokerages’ average rating on EQT is around “Moderate Buy,” reinforcing the upgrade momentum and suggesting analyst support for the stock. Read More.
• Neutral Sentiment: Upcoming Q1 results and/company events: EQT (NYSE:EQT) is approaching its Q1 reporting window; analysts expect modest single‑digit EPS growth — investors will watch results and management commentary for guidance and buyback/capex signals. Read More.
• Neutral Sentiment: Several items in the feed refer to EQT AB (the Swedish private‑equity firm) or its Life Sciences arm — e.g., an April 22 Q1 presentation invitation, EQT Life Sciences’ Tubulis exit to Gilead, and recent share repurchases by EQT AB. These are not related to NYSE:EQT (the U.S. gas producer) but may cause headline confusion. Read More. Read More. 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.