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NYSE:EQT

EQT (EQT) Stock Price, News & Analysis

$36.63
+0.56 (+1.55%)
(As of 10:58 AM ET)
Today's Range
$36.12
$36.72
50-Day Range
$33.02
$38.00
52-Week Range
$30.79
$45.23
Volume
1.26 million shs
Average Volume
6.49 million shs
Market Capitalization
$16.13 billion
P/E Ratio
8.62
Dividend Yield
1.72%
Price Target
$43.54

EQT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
18.9% Upside
$43.54 Price Target
Short Interest
Healthy
4.76% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-10.42
Upright™ Environmental Score
News Sentiment
0.33mentions of EQT in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
98.32%
From $2.38 to $4.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.62 out of 5 stars

Oils/Energy Sector

23rd out of 242 stocks

Crude Petroleum & Natural Gas Industry

11th out of 75 stocks

EQT stock logo

About EQT Stock (NYSE:EQT)

EQT Corporation is a US-based natural gas exploration and production company operating in the Appalachian Basin, primarily in Pennsylvania, West Virginia, and Ohio. The company was founded in 1888 as a utility company, but it has since transformed into one of the largest natural gas producers in the US. EQT's mission is to be the leading producer of clean-burning natural gas in the US while focusing on operational excellence, innovation, and environmental stewardship.

EQT's core business is producing natural gas, which is sold to customers in the US and Canada. The company operates over 23,000 wells across the Appalachian Basin and owns over 670,000 acres of natural gas reserves. EQT's target market includes utility companies, industrial customers, and natural gas marketers.

The company's key customers include Dominion Energy, National Fuel Gas, and Peoples Natural Gas. EQT's headquarters are in Pittsburgh, Pennsylvania, and it employs over 1,200 people.

EQT has received numerous awards for its commitment to environmental stewardship and safety. In 2022, the company was named to the Dow Jones Sustainability North America Index for the seventh consecutive year.

An experienced and knowledgeable management team leads EQT. Toby Rice serves as the President and Chief Executive Officer of EQT, bringing over 20 years of experience in the natural gas industry. He previously served as the CEO of Rice Energy, which was acquired by EQT in 2018.

EQT has experienced significant growth recently, with revenue and net income increasing yearly for several years. EQT's profit margin has remained strong, averaging 27% over the past three years.

EQT's debt levels have increased recently, with the company's long-term debt rising. However, the company's debt-to-equity ratio has remained below the industry average, indicating that EQT is managing its debt effectively.

EQT's valuation metrics are generally in line with industry peers. EQT's price-to-earnings and price-to-book are slightly lower but have paralleled industry peers. EQT's dividend yield is slightly below the industry average. 

EQT has had a volatile but generally positive share price. In 2021, the company's share price increased by more than 50% due to an increase in natural gas prices and the company's successful cost-cutting measures. However, the company's share price has since declined due to concerns about regulatory changes and the impact of the COVID-19 pandemic on natural gas demand. EQT's trading volume has declined recently, indicating investor sentiment towards the company may have soured.

EQT operates in the natural gas industry, facing significant challenges in recent years due to regulatory changes and the rise of renewable energy sources. The industry is heavily regulated, and natural gas companies face increasing pressure to reduce their carbon footprint and shift towards cleaner energy sources. Despite these challenges, EQT has managed to maintain its position as one of the largest natural gas producers in the US. 

EQT has several growth opportunities that it can pursue in the coming years. One potential area of growth for the company is renewable energy. EQT has already begun investing in renewable energy projects, such as wind and solar power and could expand its presence. The company could also pursue expansion opportunities in other regions outside the Appalachian Basin. Finally, EQT could explore potential mergers and acquisitions to expand its business and diversify its revenue streams.

EQT faces several risks and challenges in the coming years. One of the most significant risks is the increasing regulatory pressure on natural gas companies to reduce their carbon footprint. The company must invest in new technologies and processes to meet these regulatory requirements, which could be costly and time-consuming. Additionally, EQT faces significant competition from other natural gas producers, both domestically and internationally. Finally, the company is exposed to fluctuations in natural gas prices, which can be volatile and unpredictable.

EQT Stock Price History

EQT Stock News Headlines

Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
A Closer Look at 13 Analyst Recommendations For EQT
EQT (NYSE:EQT) Stock Rating Reaffirmed by JPMorgan Chase & Co.
EQT: Buying A Simpler Task Than Before
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
EQT Mar 2024 29.000 put
EQT’s Galderma Sets Terms for $2.6 Billion IPO
These Analysts Revise Their Forecasts On EQT Following Merger News
Why EQT Stock Is Losing Gas Today
EQT Confirms Deal to Buy Equitrans Midstream
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/1 Dividend
2/16/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26884L10
Employees
881
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$43.54
High Stock Price Target
$62.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
15 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
30.45%

Debt

Sales & Book Value

Annual Sales
$6.91 billion
Cash Flow
$6.79 per share
Book Value
$35.93 per share

Miscellaneous

Free Float
437,652,000
Market Cap
$15.88 billion
Optionable
Optionable
Beta
1.13
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Should I Buy EQT Stock? EQT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of EQT was last updated on Wednesday, March 27, 2024 at 11:45 PM.

Pros

Here are some ways that investors could benefit from investing in EQT Co.:

  • EQT stock price is currently trading at a discount compared to its 12-month high, potentially offering a good entry point for investors.
  • EQT has a low debt-to-equity ratio of 0.37, indicating a healthy financial structure and lower risk.
  • Recent positive earnings results, with EQT reporting $0.48 earnings per share for the last quarter, beating the consensus estimate.
  • Strong institutional investor interest, with significant stake increases by Wellington Management Group LLP and other institutions.
  • Analyst consensus rating of Hold with a target price of $44.08, suggesting potential upside based on current valuations.

Cons

Investors should be bearish about investing in EQT Co. for these reasons:

  • Recent fluctuations in EQT stock price, indicating potential volatility in the short term.
  • Mixed analyst ratings, with two analysts rating the stock as sell, suggesting differing opinions on the company's performance.
  • Market volatility and uncertainty in the energy sector, which could impact EQT's stock price and performance.
  • Reduced target price by JPMorgan Chase & Co. from $39.00 to $37.00, signaling a cautious outlook on the stock.
  • Transitioning energy landscape and regulatory changes that may affect EQT's operations and profitability.

EQT Stock Analysis - Frequently Asked Questions

Should I buy or sell EQT stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EQT in the last year. There are currently 1 sell rating, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EQT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EQT, but not buy additional shares or sell existing shares.
View EQT analyst ratings
or view top-rated stocks.

What is EQT's stock price target for 2024?

15 Wall Street analysts have issued twelve-month price objectives for EQT's shares. Their EQT share price targets range from $30.00 to $62.00. On average, they predict the company's stock price to reach $43.54 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for EQT
or view top-rated stocks among Wall Street analysts.

How have EQT shares performed in 2024?

EQT's stock was trading at $38.66 at the beginning of 2024. Since then, EQT shares have decreased by 5.3% and is now trading at $36.62.
View the best growth stocks for 2024 here
.

Are investors shorting EQT?

EQT saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 20,960,000 shares, an increase of 43.5% from the February 29th total of 14,610,000 shares. Based on an average trading volume of 6,280,000 shares, the days-to-cover ratio is presently 3.3 days.
View EQT's Short Interest
.

When is EQT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our EQT earnings forecast
.

How were EQT's earnings last quarter?

EQT Co. (NYSE:EQT) posted its quarterly earnings results on Tuesday, February, 13th. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The oil and gas producer earned $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a trailing twelve-month return on equity of 7.12% and a net margin of 25.12%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS.

How often does EQT pay dividends? What is the dividend yield for EQT?

EQT declared a quarterly dividend on Thursday, February 8th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.1575 per share on Friday, March 1st. This represents a $0.63 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for EQT
.

Is EQT a good dividend stock?

EQT (NYSE:EQT) pays an annual dividend of $0.63 per share and currently has a dividend yield of 1.80%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EQT will have a dividend payout ratio of 13.35% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQT.

What is Toby Z. Rice's approval rating as EQT's CEO?

16 employees have rated EQT Chief Executive Officer Toby Z. Rice on Glassdoor.com. Toby Z. Rice has an approval rating of 84% among the company's employees.

What other stocks do shareholders of EQT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EQT investors own include Gilead Sciences (GILD), Intel (INTC), AT&T (T), Netflix (NFLX), Alibaba Group (BABA), Chevron (CVX), Applied Materials (AMAT), Ford Motor (F), General Electric (GE) and Micron Technology (MU).

Who are EQT's major shareholders?

EQT's stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (12.86%), Vanguard Group Inc. (11.41%), Vanguard Group Inc. (10.65%), Wellington Management Group LLP (4.61%), Capital World Investors (4.24%) and Clearbridge Investments LLC (2.05%). Insiders that own company stock include S Wil Vanloh Jr, Toby Z Rice, Todd James and William E Jordan.
View institutional ownership trends
.

How do I buy shares of EQT?

Shares of EQT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EQT) was last updated on 3/28/2024 by MarketBeat.com Staff

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