EQT (NYSE:EQT) Sets New 12-Month High – What’s Next?

EQT Corporation (NYSE:EQT) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.26 and last traded at $66.4580, with a volume of 1184169 shares trading hands. The stock had previously closed at $65.23.

EQT News Roundup

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT announced early results and an upsizing of its previously announced tender offer, raising the maximum purchase amount from $1.15B to $1.4B and increasing the capacity to repurchase certain 2029 notes from $750M to $1.0B — a move that should reduce outstanding debt and future interest expense, improving leverage and credit optionality. EQT Announces Early Results and Upsizing of its Tender Offer for Certain Senior Notes
• Positive Sentiment: Truist initiated coverage on EQT with a Buy rating and a $74 price target (~mid-teens upside from current levels), which can attract momentum buying and supports investor sentiment that the shares have room to run.
• Positive Sentiment: Bernstein reiterated its Buy rating on EQT, reinforcing sell‑side conviction and providing additional analyst support for the rally. Bernstein Sticks to Its Buy Rating for EQT (EQT)
• Positive Sentiment: CEO Toby Rice publicly noted that U.S. LNG will play a larger role for the company, highlighting potential long‑term demand and project optionality that could support higher realizations and strategic growth. EQT CEO Toby Rice: US LNG will play a larger role
• Neutral Sentiment: Piper Sandler assigned a Hold on EQT, a more cautious stance that could cap near-term upside for some investors who follow their coverage. EQT (EQT) Gets a Hold from Piper Sandler
• Neutral Sentiment: Market commentary highlights that EQT has recently outperformed the Nasdaq and that momentum is building; useful for sentiment but less concrete than corporate actions or analyst upgrades. Is EQT Stock Outperforming the Nasdaq?
• Neutral Sentiment: Speculative pieces projecting higher long-term price targets (e.g., $100) are circulating and can fuel bullish narratives, but they are not primary drivers versus tangible items like the tender offer and analyst coverage. EQT Corporation Sets Sights on $100 as Momentum Builds

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen raised their target price on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Stephens increased their price objective on shares of EQT from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. UBS Group reduced their price objective on shares of EQT from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, March 5th. BMO Capital Markets lifted their target price on shares of EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company upped their target price on shares of EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.70.

EQT Stock Up 1.1%

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $58.34 and a two-hundred day simple moving average of $56.16. The stock has a market capitalization of $41.21 billion, a P/E ratio of 19.92, a PEG ratio of 0.43 and a beta of 0.72.

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

EQT Dividend Announcement

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

Insiders Place Their Bets

In other EQT news, insider Lesley Evancho sold 20,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the sale, the insider directly owned 184,607 shares of the company’s stock, valued at approximately $11,203,798.83. This represents a 9.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sarah Fenton sold 4,876 shares of EQT stock in a transaction that occurred 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 transaction, the executive vice president owned 52,953 shares of the company’s stock, valued at $3,414,938.97. This trade represents a 8.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 61,158 shares of company stock valued at $3,742,983. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On EQT

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new stake in shares of EQT in the fourth quarter valued at $26,000. Aventura Private Wealth LLC acquired a new position in EQT during the 4th quarter worth about $31,000. Fortitude Family Office LLC grew its holdings in EQT by 95.6% during 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 during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in EQT in the 2nd quarter valued at about $41,000. Finally, Anchor Investment Management LLC increased its position in EQT by 133.3% in the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.