EQT (NYSE:EQT) Stock Gets Price Target Cut from Wells Fargo & Company

EQT (NYSE:EQT) had its price objective reduced by Wells Fargo & Company from $79.00 to $71.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 28.89% from the stock’s current price.

EQT has been the subject of several other reports. Stifel Nicolaus began coverage on EQT in a report on Wednesday, September 9th. They issued a “buy” rating and a $66.00 price objective for the company. Mizuho decreased their price target on shares of EQT from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating on shares of EQT in a report on Tuesday, October 20th. Zacks Research raised shares of EQT from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen lowered shares of EQT from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and an average target price of $67.23.

EQT Stock Performance

NYSE:EQT opened at $55.09 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $53.02 and its 200 day moving average is $55.42. The firm has a market capitalization of $34.46 billion, a PE ratio of 12.78 and a beta of 0.66. EQT has a fifty-two week low of $47.94 and a fifty-two week high of $68.24.

Insider Buying and Selling at EQT

In other news, CEO Toby Rice sold 175,328 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the transaction, the chief executive officer owned 2,157,865 shares in the company, valued at $118,747,310.95. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

Institutional Trading of EQT

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC boosted its stake in shares of EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock valued at $49,000 after purchasing an additional 202 shares during the period. SBI Securities Co. Ltd. increased its stake in EQT by 28.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 975 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 214 shares during the period. RFG Advisory LLC increased its stake in EQT by 3.2% during the 2nd quarter. RFG Advisory LLC now owns 7,033 shares of the oil and gas producer’s stock worth $374,000 after buying an additional 216 shares during the period. Anchor Investment Management LLC lifted its holdings in EQT by 76.0% in the 2nd quarter. Anchor Investment Management LLC now owns 528 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 228 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in EQT by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock worth $392,000 after buying an additional 236 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Creates the largest U.S. natural-gas producer: EQT’s combination with Range would form an Appalachian gas giant valued at roughly $50 billion and significantly increase scale, potentially improving operating efficiency, marketing power and access to growing demand from data centers, LNG exports and electricity generation. EQT Is Building a $50 Billion Natural Gas Giant as AI Power Demand Surges
• Positive Sentiment: Potentially stronger cash-flow economics: EQT says the merger could lower its free-cash-flow breakeven to below $2 per million British thermal units. That would improve resilience during periods of weak natural-gas prices and could support debt reduction, shareholder returns and investment flexibility. EQT Announces All-Stock Acquisition of Range Resources
• Neutral Sentiment: All-stock structure limits immediate financing needs: EQT is using its shares rather than substantial new cash debt to acquire Range, but the deal will issue equity and leave investors focused on the exchange ratio, expected synergies, closing conditions and integration execution. EQT Agrees to Acquire Range Resources in All-Stock Transaction
• Negative Sentiment: Shareholder dilution and deal uncertainty are weighing on EQT: Although Range Resources shares rallied sharply on the takeover announcement, EQT investors may be concerned about dilution, the price paid for Range and whether projected benefits will materialize in a cyclical gas market. Range Resources Soars on EQT’s All-Stock Takeover
• Negative Sentiment: Technical momentum has weakened: EQT recently crossed below its 200-day moving average, which was around $55.42 based on the supplied market data. A sustained move below that level can trigger technical selling and reinforce concerns about near-term performance. EQT Stock Crosses Below 200-Day Moving Average

EQT Company Profile

EQT Corporation is a natural gas exploration and production company headquartered in Pittsburgh, Pennsylvania. The company develops and operates unconventional oil and gas properties, with a primary focus on natural gas and natural gas liquids produced from shale formations.

EQT’s operations are concentrated in the Appalachian Basin, particularly the Marcellus and Utica shale formations in Pennsylvania, West Virginia and Ohio. Its activities include drilling, completion, production and management of natural gas wells, along with related gathering and infrastructure operations that support the transportation of its products to market.

The company traces its roots to Equitable Gas, founded in 1878, and has evolved through multiple stages of expansion and restructuring in the U.S.