EQT (NYSE:EQT) Cut to “Hold” at Citigroup

Citigroup cut shares of EQT (NYSE:EQT) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

EQT has been the topic of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a research note on Monday, December 29th. Siebert Williams Shank boosted their price target on EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. TD Cowen boosted their price target on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. TD Securities raised EQT to a “strong-buy” rating in a research note on Friday, February 20th. Finally, Sanford C. Bernstein decreased their price target on EQT from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday. Three research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.46.

EQT Price Performance

Shares of NYSE:EQT opened at $56.71 on Monday. The business’s 50 day simple moving average is $60.95 and its 200-day simple moving average is $57.38. The firm has a market capitalization of $35.44 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.76 and a quick ratio of 0.76. EQT has a 12 month low of $47.14 and a 12 month high of $68.24.

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

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 6th. This represents a $0.66 annualized dividend and a yield of 1.2%. EQT’s payout ratio is 19.94%.

Insider Buying and Selling at EQT

In other EQT news, EVP Sarah Fenton sold 4,876 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the transaction, the executive vice president directly owned 52,953 shares in the company, valued at approximately $3,414,938.97. The trade was a 8.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lesley Evancho sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were 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 of the company’s stock, valued at $11,203,798.83. This trade represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 61,158 shares of company stock worth $3,742,983. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new position in EQT in the 4th quarter valued at $26,000. Aventura Private Wealth LLC purchased a new stake in shares of EQT during the 4th quarter valued at $31,000. Fortitude Family Office LLC grew its stake in shares of EQT by 95.6% during the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 280 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of EQT during the 4th quarter valued at $49,000. Finally, Sound Income Strategies LLC grew its stake in shares of EQT by 186.4% during the 4th quarter. Sound Income Strategies LLC now owns 1,266 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 824 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT News Summary

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Shareholders approved an expanded 2020 Long‑Term Incentive Plan, which management says aligns executive compensation with long‑term performance and retention — a governance move investors often view as supportive of execution and shareholder alignment. EQT Shareholders Approve Expanded Long-Term Incentive Plan
• Positive Sentiment: The Board declared a quarterly cash dividend of $0.165/share (payable June 1; ex‑div May 6), returning cash to shareholders and supporting income-oriented investor interest. EQT Declares Quarterly Cash Dividend
• Positive Sentiment: EQT expanded long‑term LNG purchase commitments with Commonwealth LNG, further linking production to global seaborne gas markets — a strategic move that can support longer‑term demand diversification and pricing optionality. EQT Deepens LNG Ties As Valuation Screens Cheap Versus Analyst Targets
• Positive Sentiment: Market previews suggest EQT may beat in its upcoming quarterly report (Zacks highlights the setup for earnings upside), which could provide a near‑term catalyst if results and guidance come in ahead of expectations. EQT Corporation (EQT) Reports Next Week: Wall Street Expects Earnings Growth
• Neutral Sentiment: Royal Bank of Canada reaffirmed a “sector perform” rating and a $69 price target, signaling upside potential but no upgrade in conviction. RBC reaffirms sector perform, $69 PT
• Neutral Sentiment: Goldman Sachs trimmed its price target from $68 to $65 but kept a “buy” rating, a modest downward adjustment that still implies upside relative to current levels. Goldman Sachs adjusts price target on EQT to 65 from 68; maintains buy rating
• Neutral Sentiment: Sanford C. Bernstein cut its target from $73 to $69 but maintained an “outperform” view, another indication of smaller target compression across brokers rather than a consensus downgrade. Bernstein cuts EQT price target to $69 from $73; maintains outperform
• Negative Sentiment: Citigroup downgraded EQT from “strong‑buy” to “hold”, reducing near‑term analyst enthusiasm and likely contributing downward pressure on sentiment among institutional holders. Citigroup downgrades EQT to hold

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.