EQT Corp (EQT)

• Market cap: $29.6B
• 1 day: -3.48%
• 5 days: -0.32%
• 1 month: -7.47%
• 3 months: -4.28%
• 6 months: 28.18%
• Year to date: 4.41%
• 1 year: 23.32%
• 5 years: 238.86%
• 10 years: 0.98%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

About: EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and its transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

Employees: 1,461

Fund manager confidence

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

283% more first-time investments, than exits

New positions opened: 207 | Existing positions closed: 54

61% more call options, than puts

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

31% more repeat investments, than reductions

Existing positions increased: 313 | Existing positions reduced: 239

27% more funds holding in top 10

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

24% more capital invested

Capital invested by funds: $21.9B [Q3] → $27.1B (+$5.24B) [Q4]

19% more funds holding

Funds holding: 725 [Q3] → 865 (+140) [Q4]

2.14% less ownership

Funds ownership: 135.39% [Q3] → 133.25% (-2.14%) [Q4]

Research analyst outlook

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

• Low target: $35 29% downside
• Avg. target: $57 15% upside
• High target: $66 33% upside

10 analyst ratings

• positive: 8 80%
• neutral: 2 20%
• negative: 0 0%

Morgan Stanley Devin McDermott 31% 1-year accuracy 9 / 29 met price target	31% upside $65	Overweight Maintained	24 Apr 2025
Piper Sandler Mark Lear 37% 1-year accuracy 61 / 166 met price target	29% downside $35	Neutral Maintained	22 Apr 2025
UBS Josh Silverstein 19% 1-year accuracy 11 / 58 met price target	9% upside $54	Neutral Maintained	17 Apr 2025
Stephens & Co. Mike Scialla 24% 1-year accuracy 12 / 50 met price target	15% upside $57	Overweight Maintained	15 Apr 2025
TD Cowen David Deckelbaum 75% 1-year accuracy 3 / 4 met price target	9% upside $54	Buy Upgraded	8 Apr 2025