EQT (EQT) Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EQT in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EQT shares.
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16 analysts have issued 12-month target prices for EQT's stock. Their EQT share price forecasts range from $36.00 to $60.00. On average, they predict the company's stock price to reach $47.07 in the next year. This suggests a possible upside of 22.4% from the stock's current price.
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EQT's stock was trading at $33.83 at the beginning of 2023. Since then, EQT stock has increased by 13.7% and is now trading at $38.46.
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EQT saw a drop in short interest in 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 trading volume of 5,570,000 shares, the short-interest ratio is currently 4.6 days.
View EQT's Short Interest.

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

EQT Co. (NYSE:EQT) announced its quarterly earnings results on Tuesday, July, 25th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.09. The oil and gas producer had revenue of $993.08 million for 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 for the quarter was down 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 EPS.

EQT declared 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 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for EQT.

ETFs with the largest weight of EQT (NYSE:EQT) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), Horizon Kinetics Energy and Remediation ETF (NVIR), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), First Trust Energy AlphaDEX Fund (FXN), Grizzle Growth ETF (GRZZ), First Trust Natural Gas ETF (FCG) and Invesco S&P 500 Pure Growth ETF (RPG).

EQT (NYSE:EQT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.50%. 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 13.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQT.

EQT declared that its Board of Directors has initiated a share repurchase plan on Monday, December 13th 2021, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 13.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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.

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).

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

EQT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Capital World Investors (4.69%), Bank of New York Mellon Corp (4.68%), Clearbridge Investments LLC (3.26%), Geode Capital Management LLC (2.19%), Soroban Capital Partners LP (1.57%) and Pacer Advisors Inc. (1.19%). Insiders that own company stock include S Wil Vanloh Jr, Toby Z Rice, Todd James and William E Jordan.
View institutional ownership trends.

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.
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One share of EQT stock can currently be purchased for approximately $38.46.

EQT (NYSE:EQT) has a market capitalization of $13.91 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.

The company employs 744 workers across the globe.

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.