EQT Corp (EQT)

• Market cap: $23.4B
• 1 day: -1.52%
• 5 days: 7.86%
• 1 month: 19.82%
• 3 months: 42.90%
• 6 months: 48.76%
• Year to date: 11.85%
• 1 year: 47.27%
• 5 years: 542.72%
• 10 years: -28.49%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

257% more repeat investments, than reductions

Existing positions increased: 400 | Existing positions reduced: 112

91% more first-time investments, than exits

New positions opened: 153 | Existing positions closed: 80

86% more funds holding in top 10

Funds holding in top 10: 14 [Q2] → 26 (+12) [Q3]

33.79% more ownership

Funds ownership: 104.4% [Q2] → 138.19% (+33.79%) [Q3]

31% more capital invested

Capital invested by funds: $17B [Q2] → $22.4B (+$5.31B) [Q3]

10% more funds holding

Funds holding: 660 [Q2] → 723 (+63) [Q3]

8% more call options, than puts

Call options by funds: $382M | Put options by funds: $354M

Research analyst outlook

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

• Low target: $34 36% downside
• Avg. target: $52 3% downside
• High target: $73 38% upside

14 analyst ratings

• positive: 7 50%
• neutral: 7 50%
• negative: 0 0%

Scotiabank Cameron Bean 82% 1-year accuracy 9 / 11 met price target	2% upside $54	Sector Perform Downgraded	17 Jan 2025
Bernstein Jean Ann Salisbury 64% 1-year accuracy 9 / 14 met price target	38% upside $73	Outperform Upgraded	15 Jan 2025
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target	6% upside $56	Hold Maintained	13 Jan 2025
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target	0% upside $53	Overweight Maintained	8 Jan 2025
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target	7% downside $49	Sector Perform Reiterated	6 Jan 2025