EQT (NYSE:EQT) Stock Gets Price Target Cut from Scotiabank

EQT (NYSE:EQT) had its price target cut by research analysts at Scotiabank from $54.00 to $53.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “sector perform” rating on the oil and gas producer’s stock. Scotiabank‘s price objective points to a potential downside of 4.52% from the stock’s current price.

Other research analysts have also issued reports about the company. Mizuho lowered their target price on EQT from $72.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Weiss Ratings downgraded shares of EQT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Barclays reduced their price objective on shares of EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Freedom Capital upgraded shares of EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of EQT in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.18.

EQT Price Performance

Shares of EQT stock traded up $0.66 during mid-day trading on Tuesday, hitting $55.51. 4,068,677 shares of the stock traded hands, compared to its average volume of 8,232,075. EQT has a twelve month low of $47.94 and a twelve month high of $68.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day simple moving average is $53.02 and its 200-day simple moving average is $55.42. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 12.88 and a beta of 0.66.

Insider Activity

In other EQT news, CEO Toby Rice sold 175,328 shares of EQT stock in a transaction on 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 completion of the sale, the chief executive officer owned 2,157,865 shares of the company’s stock, valued at $118,747,310.95. This trade represents a 7.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Independence Bank of Kentucky grew its stake in shares of EQT by 1.7% in the 3rd quarter. Independence Bank of Kentucky now owns 21,083 shares of the oil and gas producer’s stock valued at $1,024,000 after buying an additional 356 shares in the last quarter. Park Avenue Securities LLC raised its position in EQT by 77.7% during the third quarter. Park Avenue Securities LLC now owns 35,945 shares of the oil and gas producer’s stock valued at $1,746,000 after acquiring an additional 15,720 shares in the last quarter. Sunesis Advisors LLC bought a new position in EQT during the third quarter valued at approximately $211,000. Blume Capital Management Inc. raised its position in EQT by 62.9% during the third quarter. Blume Capital Management Inc. now owns 27,668 shares of the oil and gas producer’s stock valued at $1,344,000 after acquiring an additional 10,683 shares in the last quarter. Finally, Corecam Pte. Ltd. lifted its stake in EQT by 7.3% in the third quarter. Corecam Pte. Ltd. now owns 6,870 shares of the oil and gas producer’s stock valued at $334,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: All-stock Range Resources acquisition expands scale: EQT agreed to acquire Range Resources in a transaction valued at approximately $50 billion on a pro forma basis, creating a dominant Appalachian natural-gas producer. Management expects greater scale and a free-cash-flow breakeven below $2 per MMBtu. EQT Announces All-Stock Acquisition of Range Resources with $50 Billion Valuation
• Positive Sentiment: Exposure to rising gas demand: Coverage highlights expected growth in electricity consumption from data centers and artificial-intelligence infrastructure, as well as export demand. The combined company could be better positioned to benefit from stronger U.S. natural-gas prices and volumes. EQT Is Building a $50 Billion Natural Gas Giant as AI Power Demand Surges
• Positive Sentiment: Wells Fargo remains bullish: Wells Fargo lowered its EQT price target from $79 to $71 but maintained an “overweight” rating, implying substantial upside from recent trading levels. The reduced target may reflect more cautious valuation assumptions rather than a change in its overall investment view.
• Neutral Sentiment: Market reaction is mixed: Range Resources rallied sharply following the announcement, while EQT investors are weighing the strategic advantages against the implications of issuing stock and integrating a major acquisition. Range Resources Soars on EQT’s All-Stock Takeover
• Negative Sentiment: Technical weakness remains a concern: EQT recently moved below its 200-day moving average, a bearish technical signal that could limit near-term momentum despite the merger-related growth case. EQT Stock Crosses Below 200-Day Moving Average

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.