EQT (NYSE:EQT) Cut to Sell at Wall Street Zen

EQT (NYSE:EQT) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on EQT from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Wells Fargo & Company increased their price objective on EQT from $70.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Stephens boosted their target price on shares of EQT from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore upped their target price on shares of EQT from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Zacks Research cut shares of EQT from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.21.

EQT Stock Down 0.7%

Shares of EQT opened at $52.99 on Friday. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of 12.30 and a beta of 0.55. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 0.19. EQT has a 12 month low of $47.94 and a 12 month high of $68.24. The company has a 50-day moving average price of $52.86 and a two-hundred day moving average price of $56.48.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a net margin of 28.44% and a return on equity of 9.31%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. Equities analysts predict that EQT will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling at EQT

In other EQT news, Director Vicky A. Bailey sold 4,116 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Toby Z. Rice sold 96,983 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $54.28, for a total value of $5,264,237.24. Following the sale, the chief executive officer owned 2,334,924 shares in the company, valued at $126,739,674.72. The trade was a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 102,830 shares of company stock valued at $5,602,913. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On EQT

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in EQT by 1.0% in the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after acquiring an additional 198 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of EQT by 35.4% during the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of EQT by 0.5% during the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock worth $2,497,000 after purchasing an additional 215 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock valued at $392,000 after purchasing an additional 236 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in shares of EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT reported record operational performance in Q2, including higher output and better-than-expected revenue trends, while also raising its 2026 production guidance and highlighting buybacks and strategic Appalachian growth opportunities.
• Positive Sentiment: The company inked or advanced gas and power supply deals, which investors view as supportive of future cash flow and demand visibility. EQT climbs after inking gas power supply deal; targets year-end completion for MVP Southgate
• Positive Sentiment: Analysts turned more constructive, with Stephens raising its price target to $72 and another note saying EQT was trading higher after an upgrade, reinforcing the bullish tone around the stock. Stephens Raises EQT (NYSE:EQT) Price Target to $72.00
• Positive Sentiment: EQT also accelerated work on the Mountain Valley Pipeline expansion, which could improve midstream optionality and support longer-term growth. EQT accelerates Mountain Valley Pipeline expansion
• Neutral Sentiment: Several articles mainly recapped EQT’s Q2 earnings and key metrics versus Wall Street estimates, adding context but little new catalyst beyond the company’s guidance and deal announcements.
• Negative Sentiment: The quarter still included an earnings miss, and natural gas pricing remains a headwind that could limit near-term upside even as operational performance improves.

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.