EQT Corp
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
90% more first-time investments, than exits
New positions opened: 152 | 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]
9% more funds holding
Funds holding: 661 [Q2] → 723 (+62) [Q3]
8% more call options, than puts
Call options by funds: $382M | Put options by funds: $354M
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Piper Sandler Mark Lear 43% 1-year accuracy 76 / 176 met price target | 32%downside $35 | Neutral Maintained | 29 Jan 2025 |
Scotiabank Cameron Bean 75% 1-year accuracy 9 / 12 met price target | 5%upside $54 | Sector Perform Downgraded | 17 Jan 2025 |
Bernstein Jean Ann Salisbury 64% 1-year accuracy 9 / 14 met price target | 42%upside $73 | Outperform Upgraded | 15 Jan 2025 |
Truist Securities Neal Dingmann 35% 1-year accuracy 54 / 156 met price target | 9%upside $56 | Hold Maintained | 13 Jan 2025 |
Wells Fargo Roger Read 37% 1-year accuracy 41 / 110 met price target | 3%upside $53 | Overweight Maintained | 8 Jan 2025 |
Financial journalist opinion
Based on 8 articles about EQT published over the past 30 days









