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EQT Stock Price, News & Analysis (NYSE:EQT)

$39.75
-0.10 (-0.25%)
(As of 11/29/2023 ET)
Compare
Today's Range
$39.32
$40.05
50-Day Range
$38.46
$44.71
52-Week Range
$28.10
$45.23
Volume
4.36 million shs
Average Volume
6.03 million shs
Market Capitalization
$16.35 billion
P/E Ratio
5.37
Dividend Yield
1.58%
Price Target
$46.38

EQT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
16.7% Upside
$46.38 Price Target
Short Interest
Healthy
5.11% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-10.42
Upright™ Environmental Score
News Sentiment
0.21mentions of EQT in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$828 M Sold Last Quarter
Proj. Earnings Growth
78.48%
From $2.23 to $3.98 Per Share

Overall MarketRank

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

2.89 out of 5 stars

Energy Sector

2nd out of 12 stocks

Oil & Gas E&P Industry

2nd out of 6 stocks


EQT stock logo

About EQT Stock (NYSE:EQT)

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 Stock Price History

EQT Stock News Headlines

Refiners, transporters surge: Niche energy markets defy oil slump (EQT)
Despite Chevron and Exxon Mobil trading below their highs, sub-industries such as transportation and pipelines show resilience, driven by dividends and demand.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
EQT (NYSE:EQT) Price Target Raised to $53.00
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
EQT Corporation: EQT Reports Third Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 9/1 Dividend
8/08/2023
Dividend Payable
9/01/2023
Last Earnings
10/25/2023
Ex-Dividend for 12/1 Dividend
11/07/2023
Today
11/29/2023
Dividend Payable
12/01/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
Oil & Gas Exploration & Production
Sector
Energy
CUSIP
26884L10
Employees
744
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$46.38
High Stock Price Target
$62.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$1.77 billion
Pretax Margin
44.62%

Debt

Sales & Book Value

Annual Sales
$7.50 billion
Cash Flow
$7.97 per share
Book Value
$34.54 per share

Miscellaneous

Free Float
409,152,000
Market Cap
$16.35 billion
Optionable
Optionable
Beta
1.14
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Should I Buy EQT Stock? EQT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of EQT was last updated on Thursday, November 16, 2023 at 12:00 AM.

Pros

Here are some ways that investors could benefit from investing in EQT Co.:

  • EQT Corporation operates as a natural gas production company in the United States. With 25.0 trillion cubic feet of proved reserves, EQT Co. has a significant presence in the natural gas industry.
  • Recent developments in the Marcellus play have positioned EQT Co. with 1.8 million gross acres, making it a major player in this lucrative natural gas region.
  • EQT Holdings Limited provides philanthropic, trust executor, and investment services in Australia and the United Kingdom. This diversified business model offers potential for stable and diversified revenue streams.

Cons

Investors should be bearish about investing in EQT Co. for these reasons:

  • EQTEC plc, which is also represented by the symbol EQT, licenses and sells advanced gasification technology. This may cause confusion for investors looking specifically for EQT Corporation.
  • While EQT Co. has a long history dating back to 1878, it is important to consider the potential risks associated with investing in a company operating in the natural gas industry.














EQT Stock Analysis - Frequently Asked Questions

Should I buy or sell EQT stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EQT in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EQT shares.
View EQT analyst ratings
or view top-rated stocks.

What is EQT's stock price target for 2024?

16 brokers have issued 1 year target prices for EQT's stock. Their EQT share price targets range from $30.00 to $62.00. On average, they anticipate the company's share price to reach $46.38 in the next twelve months. This suggests a possible upside of 16.7% 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 on January 1st, 2023. Since then, EQT shares have increased by 17.5% and is now trading at $39.75.
View the best growth stocks for 2023 here
.

Are investors shorting EQT?

EQT saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 26,060,000 shares, a decline of 10.2% from the October 15th total of 29,020,000 shares. Based on an average daily trading volume, of 4,940,000 shares, the short-interest ratio is currently 5.3 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, February 21st 2024.
View our EQT earnings forecast
.

How were EQT's earnings last quarter?

EQT Co. (NYSE:EQT) issued its quarterly earnings results on Wednesday, October, 25th. The oil and gas producer reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.42. The oil and gas producer earned $1.19 billion during the quarter, compared to analysts' expectations of $1.15 billion. EQT had a net margin of 35.29% and a trailing twelve-month return on equity of 7.25%. EQT's revenue for the quarter was down 42.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share.

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

EQT declared a quarterly dividend on Thursday, October 12th. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.1575 per share on Friday, December 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, November 7th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for EQT
.

Is EQT a good dividend stock?

EQT (NYSE:EQT) pays an annual dividend of $0.63 per share and currently has a dividend yield of 1.57%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EQT will have a dividend payout ratio of 15.83% 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 buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 13.2% of its shares through open market purchases. Shares buyback plans are often a sign 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).

Who are EQT's major shareholders?

EQT's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (4.99%), Clearbridge Investments LLC (2.74%), Northern Trust Corp (0.89%), Charles Schwab Investment Management Inc. (0.81%), Share Andrew L. (0.47%) and Barclays PLC (0.45%). Insiders that own company stock include S Wil Vanloh Jr, Toby Z Rice, Todd James and William E Jordan.
View institutional ownership trends
.

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.

This page (NYSE:EQT) was last updated on 11/29/2023 by MarketBeat.com Staff

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