EQT (NYSE:EQT) Sets New 12-Month High on Analyst Upgrade

Shares of EQT Corporation (NYSE:EQT) hit a new 52-week high during mid-day trading on Tuesday after Truist Financial upgraded the stock to a strong-buy rating. The stock traded as high as $67.26 and last traded at $66.4580, with a volume of 1184169 shares traded. The stock had previously closed at $65.23.

A number of other brokerages have also commented on EQT. Scotiabank dropped their price target on EQT from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Capital One Financial lifted their price objective on EQT from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Wolfe Research upped their price objective on EQT from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Wells Fargo & Company increased their target price on EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Barclays raised their target price on shares of EQT from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.70.

Insiders Place Their Bets

In other news, insider Lesley Evancho sold 20,000 shares of EQT stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 owned 184,607 shares in the company, valued at approximately $11,203,798.83. The trade was a 9.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Todd James sold 32,514 shares of EQT stock in a transaction that occurred on Monday, February 23rd. The stock was 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 owned 58,796 shares of the company’s stock, valued at approximately $3,593,611.52. This trade represents a 35.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 61,158 shares of company stock valued at $3,742,983 over the last ninety days. 0.72% of the stock is owned by insiders.

EQT News Roundup

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EQT. Greykasell Wealth Strategies Inc. bought a new position in EQT during the fourth quarter valued at $26,000. Aventura Private Wealth LLC bought a new stake in shares of EQT in the 4th quarter worth about $31,000. Fortitude Family Office LLC lifted its holdings in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of EQT during the 2nd quarter worth about $41,000. Finally, Elyxium Wealth LLC purchased a new position in shares of EQT during the 4th quarter worth about $49,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Price Performance

The company has a market capitalization of $42.44 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.25 and a beta of 0.72. The firm’s fifty day moving average is $58.97 and its 200 day moving average is $56.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, February 17th. EQT’s dividend payout ratio is presently 19.94%.

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.