The Goldman Sachs Group Issues Pessimistic Forecast for EQT (NYSE:EQT) Stock Price

EQT (NYSE:EQT) had its target price lowered by analysts at The Goldman Sachs Group from $68.00 to $65.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 14.45% from the stock’s previous close.

A number of other research firms also recently commented on EQT. Citigroup downgraded shares of EQT from a “strong-buy” rating to a “hold” rating in a report on Monday. TD Cowen boosted their price target on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of EQT in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research note on Sunday, January 18th. Finally, Sanford C. Bernstein decreased their target price on EQT from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.46.

EQT Stock Performance

Shares of EQT stock opened at $56.80 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $60.92 and a 200-day simple moving average of $57.38. The company has a market cap of $35.49 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. EQT has a 12-month low of $47.14 and a 12-month high of $68.24.

EQT (NYSE:EQT) last issued its earnings results 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 net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s 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 Activity at EQT

In other EQT news, EVP Sarah Fenton sold 4,876 shares of the 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 sale, the executive vice president owned 52,953 shares in the company, valued at approximately $3,414,938.97. This 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 this link. Also, insider Lesley Evancho sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were 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 owned 184,607 shares in the company, valued at $11,203,798.83. This represents a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 61,158 shares of company stock valued at $3,742,983. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of EQT

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Shore Management Inc CT boosted its holdings in shares of 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 last quarter. Reaves W H & Co. Inc. lifted its position in EQT by 12.9% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer’s stock worth $62,282,000 after buying an additional 132,741 shares during the period. Rhumbline Advisers lifted its position in EQT by 4.7% during the third quarter. Rhumbline Advisers now owns 1,108,307 shares of the oil and gas producer’s stock worth $60,325,000 after buying an additional 49,714 shares during the period. Whittier Trust Co. boosted its stake in EQT by 2.3% in 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 grew its holdings in EQT by 9.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer’s stock valued at $31,253,000 after buying an additional 48,587 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: EQT expanded long?term LNG commitments, increasing contracted volumes tied to Commonwealth LNG — this links more production to higher?value seaborne markets and supports longer?term cashflow visibility. EQT Deepens LNG Ties
• Positive Sentiment: The Board declared a quarterly cash dividend of $0.165/share (payable June 1; record date May 6), a modest yield (~1.2%) that supports income?oriented holders and signals confidence in near?term free cash flow. EQT Declares Quarterly Cash Dividend
• Positive Sentiment: Analyst commentary (Zacks) suggests EQT has the setup to potentially beat in the upcoming earnings release — positive if realized, as recent results showed margin expansion and revenue growth. EQT Reports Next Week
• Neutral Sentiment: Sanford C. Bernstein trimmed its price target from $73 to $69 but kept an “outperform” rating — a modest reduction in upside expectations but still supportive analyst sentiment. Bernstein Cuts Price Target
• Neutral Sentiment: Zacks coverage also highlights EQT as a value candidate based on style scores and recent fundamentals — useful context but not an immediate catalyst. EQT Strong Value Stock
• Negative Sentiment: Citigroup downgraded EQT from “strong?buy” to “hold,” a direct negative signal that can prompt short?term selling by investors who track sell?side positioning. Citigroup Downgrade (via Zacks)
• Negative Sentiment: Natural?gas prices have slid to a multi?month low, creating a near?term headwind for EQT’s realized gas prices and revenue; sector price pressure can amplify selling even when company fundamentals look stable. Natural Gas Slides to 7?Month Low

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.