EQT (NYSE:EQT) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of EQT (NYSE:EQT) from a hold rating to a sell rating in a research note released on Saturday.

A number of other research analysts have also recently commented on EQT. Wolfe Research upped their price target on shares of EQT from $64.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Sanford C. Bernstein decreased their price objective on shares of EQT from $73.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Morgan Stanley lowered their price objective on shares of EQT from $74.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Truist Financial dropped their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $69.00 target price on shares of EQT in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.21.

EQT Stock Performance

Shares of EQT stock opened at $52.99 on Friday. The stock’s fifty day moving average is $52.86 and its two-hundred day moving average is $56.48. The company has a market capitalization of $33.15 billion, a PE ratio of 12.30 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT has a 52 week low of $47.94 and a 52 week high of $68.24.

EQT (NYSE:EQT) last released its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. As a group, analysts expect that EQT will post 4.15 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. EQT’s dividend payout ratio (DPR) is currently 15.31%.

Insider Activity

In other EQT news, CEO Toby Z. Rice sold 1,731 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $53.46, for a total transaction of $92,539.26. Following the transaction, the chief executive officer directly owned 2,333,193 shares in the company, valued at $124,732,497.78. This represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky A. Bailey sold 4,116 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $59.80, for a total transaction of $246,136.80. The disclosure for this sale is available in the SEC filing. Insiders sold 102,830 shares of company stock valued at $5,602,913 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EQT

Several hedge funds have recently modified their holdings of EQT. Parallel Advisors LLC raised its stake in EQT by 1.0% during the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after acquiring an additional 198 shares in the last quarter. Root Financial Partners LLC boosted its stake in EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock valued at $49,000 after acquiring an additional 202 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of EQT by 0.5% during the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after purchasing an additional 215 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of EQT by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock worth $392,000 after purchasing an additional 236 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of 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 purchasing an additional 280 shares in the last quarter. Hedge funds and other 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: EQT reported record operational performance in Q2, including higher output and better-than-expected revenue trends, while also raising its 2026 production guidance and highlighting buybacks and strategic Appalachian growth opportunities.
• Positive Sentiment: The company inked or advanced gas and power supply deals, which investors view as supportive of future cash flow and demand visibility. EQT climbs after inking gas power supply deal; targets year-end completion for MVP Southgate
• Positive Sentiment: Analysts turned more constructive, with Stephens raising its price target to $72 and another note saying EQT was trading higher after an upgrade, reinforcing the bullish tone around the stock. Stephens Raises EQT (NYSE:EQT) Price Target to $72.00
• Positive Sentiment: EQT also accelerated work on the Mountain Valley Pipeline expansion, which could improve midstream optionality and support longer-term growth. EQT accelerates Mountain Valley Pipeline expansion
• Neutral Sentiment: Several articles mainly recapped EQT’s Q2 earnings and key metrics versus Wall Street estimates, adding context but little new catalyst beyond the company’s guidance and deal announcements.
• Negative Sentiment: The quarter still included an earnings miss, and natural gas pricing remains a headwind that could limit near-term upside even as operational performance improves.

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.