EQT (NYSE:EQT) Upgraded by Zacks Research to Strong-Buy Rating

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

Other equities analysts have also issued reports about the company. Mizuho raised their price target on EQT from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wells Fargo & Company boosted their price objective on EQT from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Wolfe Research increased their price objective on EQT from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Stephens raised their target price on shares of EQT from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, EQT currently has an average rating of “Moderate Buy” and a consensus price target of $66.70.

EQT Stock Performance

NYSE EQT opened at $67.92 on Tuesday. The company has a 50-day simple moving average of $58.97 and a two-hundred day simple moving average of $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. EQT has a 12-month low of $43.57 and a 12-month high of $67.99. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.25 and a beta of 0.72.

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

Insider Transactions at EQT

In other news, EVP Sarah Fenton sold 4,876 shares of EQT stock in a transaction that occurred 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 sale, the executive vice president directly owned 52,953 shares in the company, valued at approximately $3,414,938.97. This trade represents a 8.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Todd James sold 32,514 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 58,796 shares in the company, valued at $3,593,611.52. This trade represents a 35.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 61,158 shares of company stock worth $3,742,983. 0.72% of the stock is currently owned by insiders.

Institutional Trading of EQT

Several large investors have recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. purchased a new position in EQT during the 4th quarter valued at $26,000. Aventura Private Wealth LLC bought a new position in EQT in the 4th quarter worth $31,000. Fortitude Family Office LLC lifted its position in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 280 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of EQT in the 2nd quarter worth about $41,000. Finally, Anchor Investment Management LLC boosted its stake 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 purchasing an additional 500 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

EQT News Summary

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

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.