Citigroup Raises EQT (NYSE:EQT) Price Target to $66.00

EQT (NYSE:EQT) had its price objective boosted by equities research analysts at Citigroup from $62.00 to $66.00 in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Citigroup’s target price indicates a potential upside of 12.87% from the stock’s current price.

A number of other equities analysts have also recently issued reports on EQT. Morgan Stanley upped their price objective on shares of EQT from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Sanford C. Bernstein lowered their price objective on shares of EQT from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Evercore upped their price target on shares of EQT from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. UBS Group decreased their price target on shares of EQT from $76.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Jefferies Financial Group restated a “buy” rating on shares of EQT in a research report on Sunday, January 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.63.

EQT Price Performance

EQT stock opened at $58.48 on Friday. The company has a 50 day simple moving average of $61.04 and a 200 day simple moving average of $57.43. The stock has a market cap of $36.54 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.08 and a beta of 0.70. EQT has a 1 year low of $47.14 and a 1 year high of $68.24. 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 (NYSE:EQT) last released its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.13 billion. EQT had a net margin of 23.59% and a return on equity of 7.25%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Research analysts anticipate that EQT will post 3.27 EPS for the current fiscal year.

Insider Transactions at EQT

In other news, EVP Sarah Fenton sold 4,876 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $64.49, for a total transaction of $314,453.24. Following the completion of the sale, the executive vice president directly owned 52,953 shares in the company, valued at $3,414,938.97. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lesley Evancho sold 20,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the sale, the insider owned 184,607 shares of the company’s stock, valued at approximately $11,203,798.83. This trade represents a 9.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 61,158 shares of company stock worth $3,742,983 over the last three months. 0.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On EQT

Large investors have recently modified their holdings of the company. Greykasell Wealth Strategies Inc. acquired a new stake in shares of EQT during the fourth quarter worth $26,000. Aventura Private Wealth LLC bought a new position in EQT during the fourth quarter worth $31,000. Fortitude Family Office LLC boosted its stake in EQT by 95.6% during the fourth 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. Elyxium Wealth LLC bought a new position in EQT during the fourth quarter worth $49,000. Finally, Sound Income Strategies LLC boosted its stake in EQT by 186.4% during the fourth quarter. Sound Income Strategies LLC now owns 1,266 shares of the oil and gas producer’s stock worth $64,000 after acquiring an additional 824 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Key EQT News

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Goldman Sachs upgraded EQT to a Buy, which can support upside as investors track fresh analyst conviction. EQT Receives a Buy from Goldman Sachs
• Positive Sentiment: EQT is reported to have restarted the sale of contact-lens maker Ginko in a deal worth at least $1 billion — a potential cash takeaway that could strengthen the balance sheet or fund buybacks/deleveraging. EQT Restarts Sale of Contact Lens Maker Ginko
• Positive Sentiment: Macro/operational narrative remains constructive: coverage pieces note EQT’s integrated gas model and 14.6% one‑year share gain, supporting medium‑term growth expectations despite commodity volatility. EQT Rises 14.6% in a Year
• Neutral Sentiment: Multiple previews ahead of Q1 earnings highlight strong EPS and revenue growth forecasts but counsel caution — analysts recommend holding rather than buying before results, implying limited near‑term upside until results/guide. Ahead of EQT’s Q1 Earnings: Should Investors Jump in or Avoid?
• Neutral Sentiment: Analyst preview pieces dig into key Q1 operational metrics beyond top‑line EPS/revenue — useful for investors focused on volumes, realized gas prices and hedging impacts ahead of the print. Countdown to EQT Q1 Earnings
• Negative Sentiment: EQT disclosed an expected $238 million derivatives loss for Q1, which could pressure reported earnings and short‑term sentiment if hedging and mark‑to‑market impacts persist. EQT Expects $238 Million Derivatives Loss
• Negative Sentiment: EQT’s unsolicited takeover approach for UK testing firm Intertek was reported and subsequently rejected; failed bid activity can be a drain on management attention and cash/strategic credibility. Intertek Shares Jump After EQT Takeover Approach Revealed
• Negative Sentiment: Sanford C. Bernstein trimmed its price target, signaling more conservative upside expectations; analyst downgrades/target cuts can cap momentum. Sanford C. Bernstein Cuts EQT Price Target

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.