Truist Financial Begins Coverage on EQT (NYSE:EQT)

Equities research analysts at Truist Financial started coverage on shares of EQT (NYSE:EQT) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $74.00 price target on the oil and gas producer’s stock. Truist Financial’s price objective would indicate a potential upside of 8.95% from the stock’s previous close.

Several other brokerages have also recently weighed in on EQT. UBS Group decreased their price objective on EQT from $76.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Wells Fargo & Company upped their target price on EQT from $66.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. BMO Capital Markets increased their price target on EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Wolfe Research raised their price target on EQT from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Capital One Financial boosted their price target on EQT from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $66.70.

EQT Stock Performance

Shares of EQT stock opened at $67.92 on Tuesday. EQT has a 12 month low of $43.57 and a 12 month high of $67.99. The company’s fifty day simple moving average is $58.97 and its 200-day simple moving average is $56.34. The firm has a market cap of $42.44 billion, a PE ratio of 20.52, a P/E/G ratio of 1.25 and a beta of 0.72. 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 (NYSE:EQT) last released its earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts expect that EQT will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $60.69, for a total value of $1,213,800.00. Following the completion of the sale, the insider directly owned 184,607 shares of the company’s stock, valued at $11,203,798.83. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Todd James sold 32,514 shares of EQT stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $61.12, for a total value of $1,987,255.68. Following the transaction, the chief accounting officer owned 58,796 shares of the company’s stock, valued at $3,593,611.52. This represents a 35.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 61,158 shares of company stock worth $3,742,983. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

A number of large investors have recently added to or reduced their stakes in the business. Sound Shore Management Inc CT boosted its position in EQT by 31.8% during the third quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock worth $83,105,000 after purchasing an additional 368,748 shares during the period. Reaves W H & Co. Inc. raised its position in shares of EQT by 12.9% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock valued at $62,282,000 after purchasing an additional 132,741 shares during the period. Rhumbline Advisers raised its position in shares of EQT by 4.7% in the third quarter. Rhumbline Advisers now owns 1,108,307 shares of the oil and gas producer’s stock valued at $60,325,000 after purchasing an additional 49,714 shares during the period. Whittier Trust Co. lifted its stake in shares of EQT by 2.3% during the 4th quarter. Whittier Trust Co. now owns 587,172 shares of the oil and gas producer’s stock worth $31,361,000 after buying an additional 13,232 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of EQT by 9.1% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer’s stock worth $31,253,000 after buying an additional 48,587 shares during 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

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.