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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Better Than Oil Stocks? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
NYSE:EQT

EQT (EQT) Stock Forecast, Price & News

$40.58
+0.14 (+0.35%)
(As of 09/29/2023 ET)
Compare
Today's Range
$40.21
$40.76
50-Day Range
$38.46
$44.58
52-Week Range
$28.10
$45.91
Volume
4.41 million shs
Average Volume
4.99 million shs
Market Capitalization
$14.68 billion
P/E Ratio
4.56
Dividend Yield
1.48%
Price Target
$48.00

EQT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
18.3% Upside
$48.00 Price Target
Short Interest
Bearish
6.94% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-10.42
Upright™ Environmental Score
News Sentiment
1.13mentions of EQT in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$828 M Sold Last Quarter
Proj. Earnings Growth
101.39%
From $2.16 to $4.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Oils/Energy Sector

36th out of 248 stocks

Crude Petroleum & Natural Gas Industry

21st out of 81 stocks


EQT stock logo

About EQT (NYSE:EQT) Stock

EQT Corporation is a US-based natural gas exploration and production company operating in the Appalachian Basin, primarily in Pennsylvania, West Virginia, and Ohio. The company was founded in 1888 as a utility company, but it has since transformed into one of the largest natural gas producers in the US. EQT's mission is to be the leading producer of clean-burning natural gas in the US while focusing on operational excellence, innovation, and environmental stewardship.

EQT's core business is producing natural gas, which is sold to customers in the US and Canada. The company operates over 23,000 wells across the Appalachian Basin and owns over 670,000 acres of natural gas reserves. EQT's target market includes utility companies, industrial customers, and natural gas marketers.

The company's key customers include Dominion Energy, National Fuel Gas, and Peoples Natural Gas. EQT's headquarters are in Pittsburgh, Pennsylvania, and it employs over 1,200 people.

EQT has received numerous awards for its commitment to environmental stewardship and safety. In 2022, the company was named to the Dow Jones Sustainability North America Index for the seventh consecutive year.

An experienced and knowledgeable management team leads EQT. Toby Rice serves as the President and Chief Executive Officer of EQT, bringing over 20 years of experience in the natural gas industry. He previously served as the CEO of Rice Energy, which was acquired by EQT in 2018.

EQT has experienced significant growth recently, with revenue and net income increasing yearly for several years. EQT's profit margin has remained strong, averaging 27% over the past three years.

EQT's debt levels have increased recently, with the company's long-term debt rising. However, the company's debt-to-equity ratio has remained below the industry average, indicating that EQT is managing its debt effectively.

EQT's valuation metrics are generally in line with industry peers. EQT's price-to-earnings and price-to-book are slightly lower but have paralleled industry peers. EQT's dividend yield is slightly below the industry average. 

EQT has had a volatile but generally positive share price. In 2021, the company's share price increased by more than 50% due to an increase in natural gas prices and the company's successful cost-cutting measures. However, the company's share price has since declined due to concerns about regulatory changes and the impact of the COVID-19 pandemic on natural gas demand. EQT's trading volume has declined recently, indicating investor sentiment towards the company may have soured.

EQT operates in the natural gas industry, facing significant challenges in recent years due to regulatory changes and the rise of renewable energy sources. The industry is heavily regulated, and natural gas companies face increasing pressure to reduce their carbon footprint and shift towards cleaner energy sources. Despite these challenges, EQT has managed to maintain its position as one of the largest natural gas producers in the US. 

EQT has several growth opportunities that it can pursue in the coming years. One potential area of growth for the company is renewable energy. EQT has already begun investing in renewable energy projects, such as wind and solar power and could expand its presence. The company could also pursue expansion opportunities in other regions outside the Appalachian Basin. Finally, EQT could explore potential mergers and acquisitions to expand its business and diversify its revenue streams.

EQT faces several risks and challenges in the coming years. One of the most significant risks is the increasing regulatory pressure on natural gas companies to reduce their carbon footprint. The company must invest in new technologies and processes to meet these regulatory requirements, which could be costly and time-consuming. Additionally, EQT faces significant competition from other natural gas producers, both domestically and internationally. Finally, the company is exposed to fluctuations in natural gas prices, which can be volatile and unpredictable.

EQT Price History

EQT Stock News Headlines

Energy Stocks Shine as High Oil Prices Boost Dividend Yields (EQT)
Rising bond yields challenge stocks as income sources, prompting investors to turn to dividend-paying energy stocks like EQT, Schlumberger, and Noble.
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
EQT (NYSE:EQT) Given New $62.00 Price Target at Bank of America
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The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
EQT's (EQT) Hold Rating Reaffirmed at Truist Financial
EQT, Commonwealth LNG reach agreement
EQT, Commonwealth Enter Into a 15-year Tolling LNG Agreement
Commonwealth LNG and EQT Sign Heads of Agreement for LNG Supply
EQT Announces Tolling Agreement with Commonwealth LNG
EQT Corporation (EQT) Stock Price Rebounded in Q2
UBS Maintains Neutral Rating for EQT: Here's What You Need To Know
EQT Sells Remaining Stake in Coforge for $924 Mln
See More Headlines
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EQT Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 9/1 Dividend
8/08/2023
Dividend Payable
9/01/2023
Today
9/30/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
26884L10
Employees
744
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.00
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+18.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$1.77 billion
Pretax Margin
49.95%

Debt

Sales & Book Value

Annual Sales
$7.50 billion
Cash Flow
$8.10 per share
Book Value
$30.55 per share

Miscellaneous

Free Float
359,743,000
Market Cap
$14.68 billion
Optionable
Optionable
Beta
1.22
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Key Executives

  • Mr. Toby Z. RiceMr. Toby Z. Rice (Age 41)
    Pres, CEO & Director
    Comp: $780k
  • Mr. Richard Anthony Duran (Age 44)
    Chief Information Officer
    Comp: $574.7k
  • Mr. William E. JordanMr. William E. Jordan (Age 43)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $749.1k
  • Ms. Lesley Evancho (Age 45)
    Chief HR Officer
    Comp: $506.31k
  • Mr. Jeremy Knop
    Chief Financial Officer
  • Mr. Todd M. JamesMr. Todd M. James (Age 40)
    Chief Accounting Officer
  • Mr. Cameron Jeffrey Horwitz C.F.A.
    Managing Director of Investor Relations & Strategy
  • Mr. Robert R. Wingo (Age 44)
    Exec. VP of Corp. Ventures













EQT Stock - Frequently Asked Questions

Should I buy or sell EQT stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EQT in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EQT shares.
View EQT analyst ratings
or view top-rated stocks.

What is EQT's stock price forecast for 2023?

16 Wall Street research analysts have issued twelve-month price objectives for EQT's stock. Their EQT share price forecasts range from $36.00 to $62.00. On average, they expect the company's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
View analysts price targets for EQT
or view top-rated stocks among Wall Street analysts.

How have EQT shares performed in 2023?

EQT's stock was trading at $33.83 at the beginning of 2023. Since then, EQT stock has increased by 20.0% and is now trading at $40.58.
View the best growth stocks for 2023 here
.

Are investors shorting EQT?

EQT saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 25,500,000 shares, a drop of 6.5% from the August 15th total of 27,280,000 shares. Based on an average daily volume of 5,570,000 shares, the days-to-cover ratio is presently 4.6 days.
View EQT's Short Interest
.

When is EQT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our EQT earnings forecast
.

How were EQT's earnings last quarter?

EQT Co. (NYSE:EQT) posted its quarterly earnings results on Tuesday, July, 25th. The oil and gas producer reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.09. The oil and gas producer earned $993.08 million during the quarter, compared to analyst estimates of $1.01 billion. EQT had a net margin of 38.44% and a trailing twelve-month return on equity of 10.61%. EQT's revenue was down 38.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share.

How often does EQT pay dividends? What is the dividend yield for EQT?

EQT announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.15 per share on Friday, September 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for EQT
.

Is EQT a good dividend stock?

EQT (NYSE:EQT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.48%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EQT will have a dividend payout ratio of 13.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQT.

How will EQT's stock buyback program work?

EQT declared that its board has initiated a share buyback plan on Monday, December 13th 2021, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 13.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

What is Toby Z. Rice's approval rating as EQT's CEO?

16 employees have rated EQT Chief Executive Officer Toby Z. Rice on Glassdoor.com. Toby Z. Rice has an approval rating of 84% among the company's employees.

What other stocks do shareholders of EQT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other EQT investors own include Gilead Sciences (GILD), Intel (INTC), AT&T (T), Netflix (NFLX), Alibaba Group (BABA), Chevron (CVX), Applied Materials (AMAT), Ford Motor (F), General Electric (GE) and Micron Technology (MU).

What is EQT's stock symbol?

EQT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQT."

How do I buy shares of EQT?

Shares of EQT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is EQT's stock price today?

One share of EQT stock can currently be purchased for approximately $40.58.

How much money does EQT make?

EQT (NYSE:EQT) has a market capitalization of $14.68 billion and generates $7.50 billion in revenue each year. The oil and gas producer earns $1.77 billion in net income (profit) each year or $8.89 on an earnings per share basis.

How many employees does EQT have?

The company employs 744 workers across the globe.

How can I contact EQT?

EQT's mailing address is 625 LIBERTY AVENUE SUITE 1700, PITTSBURGH PA, 15222. The official website for the company is www.eqt.com. The oil and gas producer can be reached via phone at (412) 553-5700, via email at kyderham@eqt.com, or via fax at 412-553-5757.

This page (NYSE:EQT) was last updated on 9/30/2023 by MarketBeat.com Staff

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