EQT Corporation (NYSE:EQT) Short Interest Update

Key Points

• Short interest decreased 26% in March to 18,311,992 shares (about 3.0% of shares short) with a short‑interest ratio of 2.0 days, indicating a notable reduction in bearish bets.
• Earnings beat: EQT reported $0.90 EPS vs. $0.76 expected and revenue was up 24.8% year‑over‑year; the company also declared a quarterly dividend of $0.165/share (annualized $0.66, 1.2% yield) payable June 1.
• Analysts remain broadly positive, assigning a consensus rating of "Moderate Buy" with an average price target of $68.46 after several recent upgrades and target adjustments.

EQT Corporation (NYSE:EQT - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 18,311,992 shares, a decrease of 26.0% from the March 15th total of 24,754,788 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average trading volume of 9,171,040 shares, the short-interest ratio is presently 2.0 days.

Wall Street Analyst Weigh In

EQT has been the topic of a number of recent research reports. TD Securities upgraded EQT to a "strong-buy" rating in a research report on Friday, February 20th. BMO Capital Markets upped their price objective on EQT from $68.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, March 27th. Jefferies Financial Group restated a "buy" rating on shares of EQT in a research report on Sunday, January 18th. Weiss Ratings reiterated a "buy (b-)" rating on shares of EQT in a report on Monday, December 29th. Finally, UBS Group reduced their price target on EQT from $76.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.46.

EQT Stock Performance

EQT stock traded up $0.00 during midday trading on Wednesday, reaching $56.71. The stock had a trading volume of 6,714,911 shares, compared to its average volume of 8,075,580. The firm has a fifty day simple moving average of $60.95 and a two-hundred day simple moving average of $57.38. The stock has a market cap of $35.44 billion, a PE ratio of 17.13, a P/E/G ratio of 1.07 and a beta of 0.70. EQT has a 52-week low of $47.14 and a 52-week high of $68.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. EQT had a return on equity of 7.25% and a net margin of 23.59%.The company's revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. As a group, equities research analysts anticipate that EQT will post 3.27 EPS for the current year.

EQT Announces Dividend

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 paid a dividend of $0.165 per share. The ex-dividend date is Wednesday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. EQT's dividend payout ratio (DPR) is presently 19.94%.

Insider Transactions at EQT

In other news, insider Lesley Evancho sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the insider owned 184,607 shares of the company's stock, valued at $11,203,798.83. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sarah Fenton sold 4,876 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the sale, the executive vice president owned 52,953 shares in the company, valued at $3,414,938.97. This represents a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,158 shares of company stock valued at $3,742,983 over the last 90 days. Company insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On EQT

A number of institutional investors have recently modified their holdings of the stock. Reaves W H & Co. Inc. grew its position in shares of EQT by 213.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer's stock valued at $56,021,000 after acquiring an additional 700,732 shares during the period. Sound Shore Management Inc CT grew its position in shares of EQT by 31.8% during the 3rd quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer's stock valued at $83,105,000 after acquiring an additional 368,748 shares during the period. SG Americas Securities LLC grew its position in shares of EQT by 228.5% during the 4th quarter. SG Americas Securities LLC now owns 517,651 shares of the oil and gas producer's stock valued at $27,746,000 after acquiring an additional 360,049 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of EQT by 116.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer's stock valued at $29,092,000 after acquiring an additional 287,538 shares during the period. Finally, KTF Investments LLC acquired a new stake in shares of EQT during the 4th quarter valued at about $8,885,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT News Roundup

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.

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