EQT CorpEQT
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 Q2 SEC filings by fund managers ($100M+ AUM)
49% more repeat investments, than reductions
Existing positions increased: 281 | Existing positions reduced: 189
30% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 76
27% more funds holding in top 10
Funds holding in top 10: 11 [Q1] → 14 (+3) [Q2]
7% more capital invested
Capital invested by funds: $15.7B [Q1] → $16.7B (+$1.05B) [Q2]
6.49% more ownership
Funds ownership: 96.07% [Q1] → 102.55% (+6.49%) [Q2]
4% more funds holding
Funds holding: 637 [Q1] → 660 (+23) [Q2]
19% less call options, than puts
Call options by funds: $267M | Put options by funds: $330M
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
BMO Capital Phillip Jungwirth 6% 1-year accuracy 1 / 16 met price target | 10%upside $40 | Outperform Maintained | 4 Oct 2024 |
Mizuho Nitin Kumar 21% 1-year accuracy 13 / 61 met price target | 13%upside $41 | Neutral Maintained | 4 Oct 2024 |
Citigroup Scott Gruber 33% 1-year accuracy 6 / 18 met price target | 21%upside $44 | Buy Upgraded | 3 Oct 2024 |
JP Morgan Arun Jayaram 50% 1-year accuracy 11 / 22 met price target | 8%upside $39 | Overweight Maintained | 26 Sept 2024 |
UBS Josh Silverstein 50% 1-year accuracy 16 / 32 met price target | 1%downside $36 | Neutral Maintained | 18 Sept 2024 |
Financial journalist opinion
Based on 11 articles about EQT published over the past 30 days
