EQT (NYSE:EQT) Upgraded at Truist Financial

Truist Financial upgraded shares of EQT (NYSE:EQT) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

EQT has been the subject of a number of other research reports. Citigroup lowered their target price on EQT from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Piper Sandler raised their price target on EQT from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. TD Securities raised EQT to a “strong-buy” rating in a research note on Friday, February 20th. Zacks Research upgraded EQT from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company increased their price objective on EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.70.

EQT Price Performance

EQT stock opened at $67.92 on Monday. The firm has a market cap 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. EQT has a 52 week low of $43.57 and a 52 week high of $67.99. 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 posted its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share 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 period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Research analysts predict that EQT will post 3.27 earnings per share for the current year.

EQT Announces Dividend

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

Insider Buying and Selling at EQT

In other EQT news, CAO Todd James sold 32,514 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was 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 approximately $3,593,611.52. This represents a 35.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lesley Evancho sold 20,000 shares of the 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 directly owned 184,607 shares of the company’s stock, valued at $11,203,798.83. This represents a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 61,158 shares of company stock valued at $3,742,983. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EQT

Institutional investors have recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new position in EQT during the fourth quarter valued at $26,000. Aventura Private Wealth LLC purchased a new stake in shares of EQT in the 4th quarter worth about $31,000. Fortitude Family Office LLC increased its stake 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 in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of EQT in the 2nd quarter worth about $41,000. Finally, Elyxium Wealth LLC purchased a new position in EQT during the 4th quarter valued at about $49,000. Institutional investors own 90.81% of the company’s stock.

Key Stories Impacting EQT

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

EQT Company Profile

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.