EQT (NYSE:EQT) Trading 6% Higher on Analyst Upgrade

Shares of EQT Corporation (NYSE:EQT) shot up 6% during trading on Wednesday after Stephens raised their price target on the stock from $71.00 to $72.00. Stephens currently has an overweight rating on the stock. EQT traded as high as $52.38 and last traded at $52.8080. Approximately 1,331,327 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 8,643,037 shares. The stock had previously closed at $49.80.

Several other brokerages have also recently issued reports on EQT. Wells Fargo & Company lifted their target price on EQT from $70.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Citigroup increased their price target on EQT from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings cut EQT from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Zacks Research downgraded EQT from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial decreased their price objective on EQT from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, EQT currently has a consensus rating of “Moderate Buy” and an average target price of $68.21.

Insider Transactions at EQT

In related news, Director Vicky A. Bailey sold 4,116 shares of EQT stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Toby Z. Rice sold 96,983 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $54.28, for a total value of $5,264,237.24. Following the sale, the chief executive officer directly owned 2,334,924 shares in the company, valued at $126,739,674.72. The trade was a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 102,830 shares of company stock valued at $5,602,913. 0.72% of the stock is owned by insiders.

EQT News Summary

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT raised its 2026 production outlook by about 90 Bcfe after stronger-than-expected well performance, compression investment benefits, and lower decline rates; it also trimmed full-year capital spending, which should help free cash flow. EQT Raises Production Outlook and Lowers Capital Spending Forecast
• Positive Sentiment: The company also announced a long-term gas supply agreement with CPV and an LNG offtake deal, both of which could improve future cash flow and diversify revenue. EQT Reports Second Quarter 2026 Results
• Neutral Sentiment: Some commentary is focused on EQT’s longer-term natural gas outlook, including a potential Henry Hub price breakout in 2027, which is more of a future catalyst than an immediate driver. EQT Corporation: Preparing For HH Price Breakout In YE27
• Neutral Sentiment: Management also held investor attention with post-earnings commentary on the energy market, but this appears more informational than stock-moving by itself. EQT CEO Toby Rice talks state of energy after reporting mixed earnings
• Negative Sentiment: Q2 earnings and revenue came in below expectations, with EQT reporting $0.39 per share versus the $0.41 consensus and revenue of $1.68 billion versus $1.76 billion expected, pressured by weaker natural gas prices. EQT misses quarterly profit estimates on weaker natural gas prices

Institutional Trading of EQT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caxton Associates LLP bought a new position in EQT during the first quarter valued at $256,000. Focus Partners Wealth raised its stake in shares of EQT by 9.0% in the first quarter. Focus Partners Wealth now owns 21,637 shares of the oil and gas producer’s stock valued at $1,156,000 after acquiring an additional 1,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of EQT by 495.2% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 128,060 shares of the oil and gas producer’s stock worth $7,468,000 after acquiring an additional 106,545 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of EQT by 39.4% in the 2nd quarter. Captrust Financial Advisors now owns 30,617 shares of the oil and gas producer’s stock worth $1,786,000 after acquiring an additional 8,658 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of EQT by 43.6% during the 3rd quarter. Horizon Investments LLC now owns 85,502 shares of the oil and gas producer’s stock worth $4,640,000 after purchasing an additional 25,971 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Performance

The stock has a market capitalization of $33.37 billion, a PE ratio of 10.12 and a beta of 0.55. The business’s 50 day moving average is $53.02 and its 200 day moving average is $56.50. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). EQT had a return on equity of 9.74% and a net margin of 31.94%.The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the business earned $0.45 EPS. On average, equities research analysts predict that EQT Corporation will post 4.25 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. EQT’s payout ratio is presently 12.52%.

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.