EQT (NYSE:EQT) Stock Rating Lowered by Wall Street Zen

EQT (NYSE:EQT) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

EQT has been the topic of several other research reports. Freedom Capital upgraded shares of EQT to a “strong-buy” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. reduced their price target on shares of EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group decreased their price objective on shares of EQT from $77.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Truist Financial decreased their price objective on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price objective on shares of EQT from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus target price of $68.21.

EQT Stock Down 0.1%

EQT stock opened at $52.99 on Friday. EQT has a 1-year low of $47.94 and a 1-year high of $68.24. The business has a fifty day moving average price of $52.86 and a 200-day moving average price of $56.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $33.15 billion, a P/E ratio of 12.30 and a beta of 0.55.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a net margin of 28.44% and a return on equity of 9.31%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was down 29.2% compared to the same quarter last year. Equities analysts forecast that EQT will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Toby Z. Rice sold 1,731 shares of the company’s 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 completion of the sale, the chief executive officer owned 2,333,193 shares of the company’s stock, valued at $124,732,497.78. This represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On EQT

Institutional investors and hedge funds have recently made changes to their positions in the business. Reaves W H & Co. Inc. increased its holdings in EQT by 12.9% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after buying an additional 132,741 shares during the last quarter. BOKF NA raised its position in EQT by 25.9% in the fourth quarter. BOKF NA now owns 138,368 shares of the oil and gas producer’s stock worth $7,417,000 after acquiring an additional 28,427 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of EQT by 21.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 186,352 shares of the oil and gas producer’s stock worth $9,988,000 after acquiring an additional 32,921 shares during the last quarter. Allstate Corp boosted its stake in shares of EQT by 114.0% during the 4th quarter. Allstate Corp now owns 48,523 shares of the oil and gas producer’s stock worth $2,601,000 after acquiring an additional 25,852 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of EQT during the 4th quarter valued at $1,099,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Key EQT News

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.