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Henry Ford Would NEVER Have Seen This Coming (Ad)
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Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Henry Ford Would NEVER Have Seen This Coming (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Henry Ford Would NEVER Have Seen This Coming (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

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

$36.87
-1.49 (-3.88%)
(As of 12/6/2023 ET)
Compare
Today's Range
$36.83
$38.67
50-Day Range
$36.87
$44.71
52-Week Range
$28.10
$45.23
Volume
6.00 million shs
Average Volume
6.03 million shs
Market Capitalization
$15.17 billion
P/E Ratio
4.98
Dividend Yield
1.71%
Price Target
$46.38

EQT MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
25.8% 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
0.79mentions of EQT in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$828 M Sold Last Quarter
Proj. Earnings Growth
73.45%
From $2.26 to $3.92 Per Share

Overall MarketRank

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

3.34 out of 5 stars

Oils/Energy Sector

17th out of 204 stocks

Crude Petroleum & Natural Gas Industry

11th out of 61 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.
A Look Into EQT Inc's Price Over Earnings
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
EQT CEO plans Unleash LNG 2.0 plan for next year
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 12/1 Dividend
11/07/2023
Dividend Payable
12/01/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

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 Target
$46.38
High Stock Price Target
$62.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+25.8%
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
$7.39 per share
Book Value
$30.55 per share

Miscellaneous

Free Float
409,152,000
Market Cap
$15.17 billion
Optionable
Optionable
Beta
1.06
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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 Sunday, December 3, 2023 at 4:31 PM.

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 industry.
  • EQTEC plc licenses and sells its proprietary advanced gasification technology that generates green energy from municipal, agricultural, and industrial sources. This innovative technology positions EQT Co. at the forefront of sustainable energy solutions.
  • EQT Holdings Limited provides philanthropic, trust executor, and investment services in Australia, the United Kingdom, and New Zealand. This diversified business model allows EQT Co. to tap into multiple revenue streams and expand its global reach.

Cons

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

  • While EQT Corporation has a strong presence in the natural gas production industry, it is subject to market fluctuations and regulatory changes that can impact its profitability.
  • EQTEC plc, despite its advanced gasification technology, operates in a competitive market where other companies may offer similar or more efficient solutions.
  • EQT Holdings Limited's business operations are primarily focused on Australia, the United Kingdom, and New Zealand, which exposes the company to regional economic risks and regulatory challenges.














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 brokerages have issued twelve-month target prices for EQT's shares. Their EQT share price targets range from $30.00 to $62.00. On average, they predict the company's share price to reach $46.38 in the next twelve months. This suggests a possible upside of 25.8% 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 the year. Since then, EQT shares have increased by 9.0% and is now trading at $36.87.
View the best growth stocks for 2023 here
.

Are investors shorting EQT?

EQT saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 26,060,000 shares, a drop of 10.2% from the October 15th total of 29,020,000 shares. Based on an average trading volume of 4,940,000 shares, the days-to-cover ratio is presently 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) announced its earnings results on Wednesday, October, 25th. The oil and gas producer reported $0.30 EPS 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 analyst estimates of $1.15 billion. EQT had a net margin of 35.29% and a trailing twelve-month return on equity of 7.25%. The business's revenue for the quarter was down 42.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 EPS.

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

EQT announced a quarterly dividend on Thursday, October 12th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.1575 per share on Friday, December 1st. This represents a $0.63 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, November 7th. This is an increase 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 16.07% 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 announced that its Board of Directors has approved a stock repurchase plan on Monday, December 13th 2021, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.2% of its shares through open market purchases. Shares buyback 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).

Who are EQT's major shareholders?

EQT's stock is owned by many different retail and institutional investors. Top institutional investors include Wellington Management Group LLP (4.79%), 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%) and Share Andrew L. (0.47%). 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 12/7/2023 by MarketBeat.com Staff

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