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EQT (EQT) Stock Forecast & Price Target

EQT logo
$46.70 -0.19 (-0.41%)
(As of 10:00 AM ET)

EQT - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
7
Buy
11

Based on 18 Wall Street analysts who have issued ratings for EQT in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 7 have given a hold rating, and 11 have given a buy rating for EQT.

Consensus Price Target

$42.83
-8.28% Downside
According to the 18 analysts' twelve-month price targets for EQT, the average price target is $42.83. The highest price target for EQT is $55.00, while the lowest price target for EQT is $32.00. The average price target represents a forecasted downside of -8.28% from the current price of $46.70.
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EQT Analyst Ratings Over Time

TypeCurrent Forecast
11/23/23 to 11/22/24
1 Month Ago
10/24/23 to 10/23/24
3 Months Ago
8/25/23 to 8/24/24
1 Year Ago
11/23/22 to 11/23/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
10 Buy rating(s)
9 Buy rating(s)
10 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$42.83$42.18$44.67$46.31
Forecasted Upside-8.28% Downside16.54% Upside32.78% Upside14.86% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

EQT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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EQT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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EQT Stock vs. The Competition

TypeEQTOils/Energy CompaniesS&P 500
Consensus Rating Score
2.61
2.62
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-8.64% Downside1,501.94% Upside8.53% Upside
News Sentiment Rating
Positive News

See Recent EQT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/5/2024Mizuho
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$41.00 ➝ $45.00+19.46%
11/4/2024Piper Sandler
2 of 5 stars
M. Lear
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Boost TargetNeutral ➝ Neutral$32.00 ➝ $34.00-7.03%
11/4/2024UBS Group
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$40.00 ➝ $42.00+15.32%
10/30/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$37.00 ➝ $38.00-1.12%
10/28/2024Bank of America
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 Initiated CoverageBuy$50.00+35.94%
10/4/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$39.00 ➝ $40.00+6.89%
10/3/2024Citigroup
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P. Diamond
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UpgradeNeutral ➝ Buy$37.00 ➝ $44.00+19.68%
9/26/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$37.00 ➝ $39.00+10.67%
9/13/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$45.00 ➝ $45.00+36.94%
8/14/2024Wells Fargo & Company
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R. Read
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UpgradeEqual Weight ➝ Overweight$40.00 ➝ $42.00+34.83%
7/22/2024Truist Financial
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 Lower TargetHold ➝ Hold$36.00 ➝ $32.00-10.76%
7/18/2024Wolfe Research
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 Initiated CoverageOutperform$51.00+43.30%
7/12/2024Scotiabank
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C. Bean
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Boost TargetSector Outperform ➝ Sector Outperform$54.00 ➝ $55.00+47.81%
6/4/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$43.00 ➝ $48.00+18.90%
4/19/2024TD Cowen
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 Initiated CoverageHold$43.00+18.07%
4/10/2024Sanford C. Bernstein
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 UpgradeUnderperform ➝ Market Perform$27.00 ➝ $34.00-10.38%
4/2/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$48.00 ➝ $43.00+17.55%
3/5/2024Royal Bank of Canada
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 Reiterated RatingOutperform ➝ Outperform$46.00+21.53%
6/20/2023Tudor Pickering
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 UpgradeHold ➝ Buy
6/20/2023Tudor, Pickering, Holt & Co.
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 UpgradeHold ➝ Buy
2/17/2023TD Securities
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 Lower TargetBuy$60.00 ➝ $50.00+62.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:23 AM ET.


Should I Buy EQT Stock? EQT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these EQT pros and cons to contact@marketbeat.com.

EQT
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in EQT Co.:

  • Recent upgrades from analysts, including a price target increase from Citigroup to $44.00, indicate growing confidence in EQT Co.'s performance.
  • The stock is currently trading at $41.52, which is close to its one-year high of $42.44, suggesting strong market interest and potential for further gains.
  • EQT Co. reported a quarterly earnings per share (EPS) of $0.12, exceeding the consensus estimate of $0.06, which reflects better-than-expected financial performance.
  • The company has a solid market capitalization of approximately $24.77 billion, indicating a stable and significant presence in the natural gas sector.
  • With a dividend yield of 1.52% and a consistent quarterly dividend payout, EQT Co. offers income potential for investors seeking dividends.

EQT
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in EQT Co. for these reasons:

  • The company has a relatively high price-to-earnings (P/E) ratio of 49.01, which may indicate that the stock is overvalued compared to its earnings.
  • Analysts have mixed ratings, with one sell rating and seven hold ratings, suggesting uncertainty about the stock's future performance.
  • Despite a revenue increase of 8.2% year-over-year, the reported revenue of $1.28 billion fell short of analyst expectations of $1.35 billion, indicating potential challenges in meeting market forecasts.
  • The debt-to-equity ratio of 0.65 suggests that the company has a moderate level of debt, which could pose risks if market conditions change.
  • The dividend payout ratio is at 75.00%, which may limit the company's ability to reinvest in growth opportunities or weather economic downturns.

EQT Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for EQT is $42.83, with a high forecast of $55.00 and a low forecast of $32.00.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EQT in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EQT shares.

According to analysts, EQT's stock has a predicted downside of -8.28% based on their 12-month stock forecasts.

Over the previous 90 days, EQT's stock had 1 upgrade by analysts.

EQT has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Piper Sandler, Stephens, and UBS Group in the past 90 days.

Analysts like EQT less than other "oils/energy" companies. The consensus rating score for EQT is 2.61 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how EQT compares to other companies.


This page (NYSE:EQT) was last updated on 11/22/2024 by MarketBeat.com Staff
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