EQT (NYSE:EQT) Price Target Raised to $72.00

EQT (NYSE:EQT) had its price objective upped by Stephens from $71.00 to $72.00 in a report released on Wednesday, Marketbeat Ratings reports. Stephens currently has an overweight rating on the oil and gas producer’s stock.

Other research analysts have also recently issued reports about the company. Roth Capital reiterated a “neutral” rating on shares of EQT in a research note on Tuesday, April 14th. UBS Group dropped their target price on EQT from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Capital One Financial lifted their price target on EQT from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings cut EQT from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Barclays upped their price objective on EQT from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.21.

EQT Stock Down 0.7%

EQT stock opened at $52.99 on Wednesday. The firm has a 50-day moving average price of $52.86 and a 200-day moving average price of $56.48. EQT has a 12 month low of $47.94 and a 12 month high of $68.24. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $33.15 billion, a P/E ratio of 12.30 and a beta of 0.55.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The company’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities research analysts anticipate that EQT will post 4.21 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 5th. EQT’s payout ratio is 15.31%.

Insider Activity

In related news, CEO Toby Z. Rice sold 1,731 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $53.46, for a total value of $92,539.26. Following the sale, the chief executive officer directly owned 2,333,193 shares in the company, valued at $124,732,497.78. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky A. Bailey sold 4,116 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $59.80, for a total transaction of $246,136.80. The SEC filing for this sale provides additional information. In the last three months, insiders sold 102,830 shares of company stock valued at $5,602,913. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

A number of institutional investors have recently modified their holdings of EQT. Reaves W H & Co. Inc. boosted its position in EQT by 12.9% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after acquiring an additional 132,741 shares during the last quarter. BOKF NA raised its position in shares of EQT by 25.9% in the 4th quarter. BOKF NA now owns 138,368 shares of the oil and gas producer’s stock worth $7,417,000 after acquiring an additional 28,427 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of EQT by 21.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 186,352 shares of the oil and gas producer’s stock worth $9,988,000 after acquiring an additional 32,921 shares in the last quarter. Allstate Corp lifted its stake in shares of EQT by 114.0% in the 4th quarter. Allstate Corp now owns 48,523 shares of the oil and gas producer’s stock valued at $2,601,000 after purchasing an additional 25,852 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of EQT in the 4th quarter valued at about $1,099,000. 90.81% of the stock is owned by institutional investors.

Key EQT News

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT reported record operational performance in Q2, including higher output and better-than-expected revenue trends, while also raising its 2026 production guidance and highlighting buybacks and strategic Appalachian growth opportunities.
• Positive Sentiment: The company inked or advanced gas and power supply deals, which investors view as supportive of future cash flow and demand visibility. EQT climbs after inking gas power supply deal; targets year-end completion for MVP Southgate
• Positive Sentiment: Analysts turned more constructive, with Stephens raising its price target to $72 and another note saying EQT was trading higher after an upgrade, reinforcing the bullish tone around the stock. Stephens Raises EQT (NYSE:EQT) Price Target to $72.00
• Positive Sentiment: EQT also accelerated work on the Mountain Valley Pipeline expansion, which could improve midstream optionality and support longer-term growth. EQT accelerates Mountain Valley Pipeline expansion
• Neutral Sentiment: Several articles mainly recapped EQT’s Q2 earnings and key metrics versus Wall Street estimates, adding context but little new catalyst beyond the company’s guidance and deal announcements.
• Negative Sentiment: The quarter still included an earnings miss, and natural gas pricing remains a headwind that could limit near-term upside even as operational performance improves.

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.