EQT (NYSE:EQT – Free Report) had its target price lowered by The Goldman Sachs Group from $68.00 to $65.00 in a research note published on Wednesday morning,MarketScreener reports. The firm currently has a buy rating on the oil and gas producer’s stock.
A number of other analysts have also recently commented on the company. Royal Bank Of Canada upped their price target on EQT from $64.00 to $69.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 8th. Morgan Stanley lifted their price objective on EQT from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. 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 note on Friday, February 20th. Siebert Williams Shank increased their target price on shares of EQT from $59.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, EQT presently has an average rating of “Moderate Buy” and a consensus target price of $68.46.
Get Our Latest Research Report on EQT
EQT Stock Performance
EQT (NYSE:EQT – Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the company posted $0.69 EPS. The company’s revenue was up 24.8% compared to the same quarter last year. On average, research analysts anticipate that EQT will post 3.27 earnings per share for the current year.
EQT Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 6th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, May 6th. EQT’s dividend payout ratio (DPR) is 19.94%.
Insider Transactions at EQT
In other news, CAO Todd James sold 32,514 shares of the business’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 transaction, the chief accounting officer owned 58,796 shares of the company’s stock, valued at approximately $3,593,611.52. The trade was a 35.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $64.49, for a total transaction of $314,453.24. Following the transaction, the executive vice president owned 52,953 shares of the company’s stock, valued at approximately $3,414,938.97. This represents a 8.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 61,158 shares of company stock valued at $3,742,983. 0.72% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On EQT
Large investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of EQT by 104.4% in the fourth quarter. Captrust Financial Advisors now owns 40,787 shares of the oil and gas producer’s stock worth $2,186,000 after buying an additional 20,828 shares in the last quarter. Adalta Capital Management LLC grew its holdings in EQT by 23.2% during the 4th quarter. Adalta Capital Management LLC now owns 13,920 shares of the oil and gas producer’s stock valued at $746,000 after buying an additional 2,620 shares in the last quarter. Adams Natural Resources Fund Inc. increased its stake in EQT by 19.1% in the 4th quarter. Adams Natural Resources Fund Inc. now owns 262,600 shares of the oil and gas producer’s stock worth $14,075,000 after acquiring an additional 42,100 shares during the last quarter. Beck Capital Management LLC increased its stake in EQT by 0.7% in the 4th quarter. Beck Capital Management LLC now owns 119,508 shares of the oil and gas producer’s stock worth $6,406,000 after acquiring an additional 775 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its holdings in shares of EQT by 9.0% during the 4th quarter. Motley Fool Asset Management LLC now owns 11,075 shares of the oil and gas producer’s stock worth $594,000 after acquiring an additional 918 shares in the last quarter. 90.81% of the stock is owned by institutional investors.
Key EQT News
Here are the key news stories impacting EQT this week:
- Positive Sentiment: Shareholders approved an expanded 2020 Long‑Term Incentive Plan, which management says aligns executive compensation with long‑term performance and retention — a governance move investors often view as supportive of execution and shareholder alignment. EQT Shareholders Approve Expanded Long-Term Incentive Plan
- Positive Sentiment: The Board declared a quarterly cash dividend of $0.165/share (payable June 1; ex‑div May 6), returning cash to shareholders and supporting income-oriented investor interest. EQT Declares Quarterly Cash Dividend
- Positive Sentiment: EQT expanded long‑term LNG purchase commitments with Commonwealth LNG, further linking production to global seaborne gas markets — a strategic move that can support longer‑term demand diversification and pricing optionality. EQT Deepens LNG Ties As Valuation Screens Cheap Versus Analyst Targets
- Positive Sentiment: Market previews suggest EQT may beat in its upcoming quarterly report (Zacks highlights the setup for earnings upside), which could provide a near‑term catalyst if results and guidance come in ahead of expectations. EQT Corporation (EQT) Reports Next Week: Wall Street Expects Earnings Growth
- Neutral Sentiment: Royal Bank of Canada reaffirmed a “sector perform” rating and a $69 price target, signaling upside potential but no upgrade in conviction. RBC reaffirms sector perform, $69 PT
- Neutral Sentiment: Goldman Sachs trimmed its price target from $68 to $65 but kept a “buy” rating, a modest downward adjustment that still implies upside relative to current levels. Goldman Sachs adjusts price target on EQT to 65 from 68; maintains buy rating
- Neutral Sentiment: Sanford C. Bernstein cut its target from $73 to $69 but maintained an “outperform” view, another indication of smaller target compression across brokers rather than a consensus downgrade. Bernstein cuts EQT price target to $69 from $73; maintains outperform
- Negative Sentiment: Citigroup downgraded EQT from “strong‑buy” to “hold”, reducing near‑term analyst enthusiasm and likely contributing downward pressure on sentiment among institutional holders. Citigroup downgrades EQT to hold
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.
Further Reading
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