EQT (NYSE:EQT) Stock Rating Upgraded by Truist Financial

EQT (NYSE:EQT) was upgraded by investment analysts at Truist Financial to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on EQT. Wolfe Research raised their price objective on shares of EQT from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Sanford C. Bernstein upped their target price on shares of EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Roth Mkm reiterated a “neutral” rating on shares of EQT in a report on Wednesday, February 18th. Weiss Ratings restated a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research report on Sunday, January 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.70.

EQT Price Performance

NYSE EQT opened at $65.22 on Monday. The business has a 50 day simple moving average of $58.61 and a 200 day simple moving average of $56.26. EQT has a 52-week low of $43.57 and a 52-week high of $67.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.25 and a beta of 0.72.

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

Insiders Place Their Bets

In other news, CAO Todd James sold 32,514 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the completion of the transaction, the chief accounting officer directly owned 58,796 shares in the company, valued at $3,593,611.52. This represents a 35.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction dated 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. The trade was a 9.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,158 shares of company stock valued at $3,742,983 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Greykasell Wealth Strategies Inc. acquired a new position in shares of EQT during the 4th quarter worth approximately $26,000. Aventura Private Wealth LLC acquired a new stake in shares of EQT in the 4th quarter valued at approximately $31,000. Fortitude Family Office LLC boosted its holdings 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 valued at $31,000 after buying an additional 280 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of EQT in the second quarter valued at $41,000. Finally, Anchor Investment Management LLC grew its stake in shares of EQT by 133.3% in the second quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 500 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

More EQT News

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT upsized and expanded its cash tender offer, increasing the aggregate cap to $1.4 billion and accepting early tenders — a move that reduces near-term debt burden, optimizes the capital structure and should lower interest expense/ refinancing risk. Read More.
• Positive Sentiment: EQT announced pricing and the amounts accepted for purchase across multiple series of senior notes, clarifying the cash outflow and expected impact on debt maturities — improves transparency for investors assessing free cash flow and leverage. Read More.
• Positive Sentiment: Truist initiated coverage with a Buy rating and $74 price target, signaling institutional optimism and providing a visible catalyst for upside vs. the current stock level. Read More.
• Positive Sentiment: Bernstein reiterated/stuck to its Buy rating, reinforcing favorable analyst sentiment around EQT’s fundamentals and outlook. Read More.
• Neutral Sentiment: Industry trend: top U.S. natural gas producers are seeking to remove third‑party middlemen from sales — this could lift realized prices and margins for producers like EQT over time, but benefits depend on execution and contract mechanics. Read More.
• Neutral Sentiment: CEO commentary highlights a larger future role for U.S. LNG — a positive strategic tailwind for volumes/pricing over the medium term, but timing and capex implications remain uncertain. Read More.
• Negative Sentiment: Recent quarterly results were mixed: EPS beat but revenue slightly missed consensus — a reminder that near‑term top‑line execution and commodity price exposure can create volatility in results. (Background: Q4 report 2/17; revenue $2.09B vs. $2.13B est.) Read More.
• Negative Sentiment: Piper Sandler moved to a Hold, adding a cautious counterpoint to recent buy-side enthusiasm — a potential drag on positive momentum if other sell-side shops follow. Read More.

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.