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

Shares of EQT Corporation (NYSE:EQT) reached a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $68.00 to $72.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. EQT traded as high as $65.50 and last traded at $65.5930, with a volume of 551385 shares traded. The stock had previously closed at $64.31.

Other analysts also recently issued research reports about the stock. Stephens boosted their price objective on shares of EQT from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Wolfe Research lifted their price target on shares of EQT from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. TD Cowen upped their price objective on shares of EQT from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, February 20th. The Goldman Sachs Group cut their target price on EQT from $70.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Finally, BMO Capital Markets upped their target price on EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.36.

Insider Activity at EQT

In related news, CAO Todd James sold 32,514 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the transaction, the chief accounting officer owned 58,796 shares in the company, valued at $3,593,611.52. This trade represents a 35.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lesley Evancho sold 20,000 shares of the business’s 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 sale, the insider directly owned 184,607 shares in the company, valued at approximately $11,203,798.83. The trade was a 9.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,282 shares of company stock worth $3,428,530 over the last quarter. 0.72% of the stock is currently owned by company insiders.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: J.P. Morgan and Barclays raised price targets and maintained overweight/positive views, supporting upside relative to today’s price and providing some analyst support for the stock. Read More.
• Positive Sentiment: Zacks highlights EQT as a strong momentum/value name, which can attract style‑driven flows and help stabilize the stock if energy sentiment improves. Read More.
• Neutral Sentiment: EQT launched a cash tender offer (up to $1.15B) to repurchase senior notes and plans to redeem its 6.500% 2027 notes — a deliberate move to lower debt and interest costs but one that uses near‑term cash and potentially the revolver. Investors must weigh balance‑sheet improvement versus immediate cash outflows. Read More.
• Negative Sentiment: Market reaction looks driven by a QuiverQuant note linking today’s drop to financing/dilution worries: equity issuance tied to deal funding, a large debt tender/redemption plan, and heightened sensitivity to forward gas pricing and basis differentials. That combination amplified a risk‑off reset among gas producers. Read More.
• Negative Sentiment: Weak near‑term nat‑gas fundamentals (mild spring weather, storage levels and downward price calls from some brokers) are pressuring the group’s valuation multiples and EPS outlook for 2026, which directly affects EQT’s earnings sensitivity. Read More.
• Negative Sentiment: Recent insider sales (multiple exec sales reported) and significant institutional portfolio shifts highlighted by QuiverQuant add to near‑term negative sentiment and raise governance/ownership questions for some investors. Read More.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sound Shore Management Inc CT lifted its holdings in EQT by 31.8% in the 3rd quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock valued at $83,105,000 after acquiring an additional 368,748 shares during the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of EQT by 12.9% in the 4th quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock worth $62,282,000 after purchasing an additional 132,741 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of EQT by 4.7% in the 3rd quarter. Rhumbline Advisers now owns 1,108,307 shares of the oil and gas producer’s stock worth $60,325,000 after purchasing an additional 49,714 shares in the last quarter. Whittier Trust Co. lifted its stake in EQT by 2.3% during the fourth quarter. Whittier Trust Co. now owns 587,172 shares of the oil and gas producer’s stock valued at $31,361,000 after purchasing an additional 13,232 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in EQT by 9.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer’s stock valued at $31,253,000 after purchasing an additional 48,587 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Up 0.2%

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 stock has a market capitalization of $40.26 billion, a P/E ratio of 19.47, a PEG ratio of 0.42 and a beta of 0.72. The stock’s fifty day moving average is $57.38 and its two-hundred day moving average is $55.80.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.14. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. As a group, research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

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