EQT Corp (EQT)

• Market cap: $22.2B
• 1 day: -4.41%
• 5 days: -5.10%
• 1 month: -5.97%
• 3 months: 7.14%
• 6 months: 51.78%
• Year to date: 6.10%
• 1 year: 34.69%
• 5 years: 764.72%
• 10 years: 15.15%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

Employees: 881

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

270% more first-time investments, than exits

New positions opened: 200 | Existing positions closed: 54

61% more call options, than puts

Call options by funds: $765M | Put options by funds: $476M

32% more repeat investments, than reductions

Existing positions increased: 304 | Existing positions reduced: 230

27% more funds holding in top 10

Funds holding in top 10: 26 [Q3] → 33 (+7) [Q4]

21% more capital invested

Capital invested by funds: $22.4B [Q3] → $27.1B (+$4.73B) [Q4]

16% more funds holding

Funds holding: 724 [Q3] → 840 (+116) [Q4]

39.77% less ownership

Funds ownership: 138.19% [Q3] → 98.42% (-39.77%) [Q4]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 30% downside
• Avg. target: $55 9% upside
• High target: $73 45% upside

14 analyst ratings

• positive: 8 57%
• neutral: 6 43%
• negative: 0 0%

JP Morgan Arun Jayaram 40% 1-year accuracy 14 / 35 met price target	15% upside $58	Overweight Maintained	20 Feb 2025
UBS Josh Silverstein 49% 1-year accuracy 25 / 51 met price target	7% upside $54	Neutral Maintained	13 Feb 2025
Goldman Sachs Umang Choudhary 40% 1-year accuracy 2 / 5 met price target	31% upside $66	Buy Maintained	12 Feb 2025
Piper Sandler Mark Lear 47% 1-year accuracy 82 / 174 met price target	30% downside $35	Neutral Maintained	29 Jan 2025
Scotiabank Cameron Bean 83% 1-year accuracy 10 / 12 met price target	7% upside $54	Sector Perform Downgraded	17 Jan 2025