EQT Corp
About: EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.
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
86% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 26 (+12) [Q3]
70% more first-time investments, than exits
New positions opened: 153 | Existing positions closed: 90
31.67% more ownership
Funds ownership: 103.96% [Q2] → 135.62% (+31.67%) [Q3]
29% more capital invested
Capital invested by funds: $17B [Q2] → $21.9B (+$4.97B) [Q3]
10% more funds holding
Funds holding: 660 [Q2] → 723 (+63) [Q3]
7% more call options, than puts
Call options by funds: $378M | Put options by funds: $354M
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Citigroup Scott Gruber 43% 1-year accuracy 15 / 35 met price target | 18%upside $51 | Buy Maintained | 6 Dec 2024 |
Bernstein Bob Brackett 0% 1-year accuracy 0 / 4 met price target | 15%upside $50 | Market Perform Initiated | 6 Dec 2024 |
RBC Capital Scott Hanold 45% 1-year accuracy 15 / 33 met price target | 13%upside $49 | Sector Perform Reinstated | 3 Dec 2024 |
Mizuho Nitin Kumar 38% 1-year accuracy 19 / 50 met price target | 11%upside $48 | Neutral Maintained | 26 Nov 2024 |
Truist Securities Neal Dingmann 61% 1-year accuracy 63 / 104 met price target | 5%downside $41 | Hold Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 21 articles about EQT published over the past 30 days
