EQT Corporation (NYSE:EQT) Stock Has Consensus Target Price of $67.64 According to Analysts

EQT Corporation (NYSE:EQT) has received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $67.64.

Several equities research analysts have commented on EQT shares. Stifel Nicolaus began coverage on EQT in a research note on Wednesday, September 9th. They issued a “buy” rating and a $66.00 target price on the stock. UBS Group decreased their price target on shares of EQT from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of EQT from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Stephens reissued an “overweight” rating and issued a $71.00 price objective on shares of EQT in a research report on Thursday, September 17th. Finally, Morgan Stanley cut their price objective on shares of EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th.

Insider Transactions at EQT

In other EQT news, CEO Toby Rice sold 175,328 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at $118,747,310.95. The trade was a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On EQT

Several hedge funds have recently modified their holdings of EQT. The Manufacturers Life Insurance Company acquired a new position in EQT during the second quarter valued at approximately $163,705,000. Bank of America Corp DE grew its stake in EQT by 7.2% in the second quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock valued at $225,478,000 after purchasing an additional 284,244 shares in the last quarter. NEOS Investment Management LLC increased its position in shares of EQT by 14.8% during the 2nd quarter. NEOS Investment Management LLC now owns 102,572 shares of the oil and gas producer’s stock worth $5,454,000 after purchasing an additional 13,201 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of EQT by 156.2% during the 2nd quarter. QRG Capital Management Inc. now owns 93,774 shares of the oil and gas producer’s stock worth $4,986,000 after purchasing an additional 57,179 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in shares of EQT during the 2nd quarter worth approximately $1,074,000. Institutional investors own 90.81% of the company’s stock.

EQT Stock Down 1.4%

NYSE:EQT opened at $54.86 on Tuesday. The stock has a 50-day simple moving average of $53.02 and a 200 day simple moving average of $55.42. EQT has a 52-week low of $47.94 and a 52-week high of $68.24. The company has a market cap of $34.32 billion, a PE ratio of 12.73 and a beta of 0.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67.

EQT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, November 4th. This is an increase from EQT’s previous quarterly dividend of $0.1650. EQT’s dividend payout ratio (DPR) is presently 15.31%.

EQT News Summary

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT agreed to acquire Range Resources in an all-stock transaction valued at approximately $13 billion, creating a combined company with an estimated value of about $50 billion and making EQT the largest U.S. natural-gas producer. The enlarged scale could improve operating efficiency, strengthen marketing leverage and expand exposure to rising gas demand from data centers, LNG exports and power generation. EQT Agrees to Acquire Range Resources in All-Stock Transaction
• Positive Sentiment: Management says the combination should lower EQT’s free-cash-flow breakeven to below $2 per million British thermal units, potentially improving resilience if natural-gas prices remain volatile. The deal is being positioned as a way to capitalize on record U.S. gas demand and AI-related electricity consumption. EQT Is Building a $50 Billion Natural Gas Giant as AI Power Demand Surges
• Neutral Sentiment: Range Resources shares rose sharply following the announcement, indicating that the market views the takeover consideration favorably for Range holders. However, the initial reaction for EQT shareholders has been more cautious, suggesting investors are assessing how the benefits will be shared after the merger. Range Resources Soars on EQT’s All-Stock Takeover
• Negative Sentiment: Because the transaction is all-stock, EQT shareholders will face dilution and must wait for projected synergies and cost savings to materialize. The size of the acquisition also introduces integration, regulatory and commodity-price risks, which may explain the stock’s weaker reaction despite the company’s stronger strategic position. EQT to Buy Range Resources in Natural Gas Megadeal

EQT Company Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.