Zacks Research Upgrades EQT (NYSE:EQT) to “Strong-Buy”

EQT (NYSE:EQT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on EQT. Scotiabank cut their price target on EQT from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Wolfe Research lifted their price objective on shares of EQT from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Siebert Williams Shank boosted their price objective on shares of EQT from $59.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Roth Mkm restated a “neutral” rating on shares of EQT in a research report on Wednesday, February 18th. Finally, UBS Group reduced their target price on shares of EQT from $76.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.70.

EQT Stock Performance

Shares of EQT stock opened at $67.92 on Tuesday. The stock’s 50-day moving average price is $58.97 and its 200 day moving average price is $56.34. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $42.44 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.72. EQT has a 52-week low of $43.57 and a 52-week high of $67.99.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. EQT had a return on equity of 7.25% and a net margin of 23.59%.The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities research analysts forecast that EQT will post 3.27 EPS for the current year.

Insider Buying and Selling

In other EQT news, EVP Sarah Fenton sold 4,876 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the transaction, the executive vice president owned 52,953 shares in the company, valued at approximately $3,414,938.97. This represents a 8.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Todd James sold 32,514 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $61.12, for a total value of $1,987,255.68. Following the completion of the sale, the chief accounting officer directly owned 58,796 shares of the company’s stock, valued at approximately $3,593,611.52. This trade represents a 35.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,158 shares of company stock valued at $3,742,983 over the last quarter. Company insiders own 0.72% of the company’s stock.

Institutional Trading of EQT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Greykasell Wealth Strategies Inc. purchased a new stake in EQT during the fourth quarter worth about $26,000. Aventura Private Wealth LLC purchased a new position in EQT in the fourth quarter valued at about $31,000. Fortitude Family Office LLC increased its holdings in EQT by 95.6% in the fourth 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 in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EQT during the 2nd quarter valued at approximately $41,000. Finally, Anchor Investment Management LLC lifted its position in shares of EQT by 133.3% during the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Zacks upgraded EQT to a #1 (Strong Buy) and added it to momentum and income lists, highlighting favorable earnings revisions and making the stock a top pick for momentum-oriented and income-focused investors. EQT (EQT) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Truist (new coverage) initiated on EQT with a buy/strong-buy view and set a $74 price target, providing incremental analyst support and signaling ~9% upside to the current level. Analyst initiation often draws fresh interest from institutional buyers. Truist Securities initiates coverage of EQT (EQT) with buy recommendation
• Positive Sentiment: EQT expanded and priced a cash tender offer (upsized to $1.4B) to repurchase several series of senior notes and disclosed amounts accepted — a move that can lower interest expense, extend or optimize maturities, and improve leverage metrics if executed as planned. That debt action reduces a key balance-sheet overhang and supports valuation. EQT Announces Pricing of its Tender Offer …
• Positive Sentiment: Analyst estimate revisions and Zacks commentary indicate upward EPS momentum for EQT, supporting near-term upside expectations and reinforcing the rationale behind recent upgrades. Rising estimates are a common technical/ fundamental trigger for momentum flows. Why EQT (EQT) Might be Well Poised for a Surge
• Neutral Sentiment: Broader industry reporting notes U.S. natural-gas drillers pushing to sell more directly (removing middlemen), a structural shift that could boost realized prices for producers like EQT over time but depends on execution and market access. This is a sector tailwind but not an immediate company-specific catalyst. Top US Natural Gas Drillers Seek to Remove Middlemen From Sales

EQT Company Profile

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.