Fintel reports that on January 15, 2025, Bernstein upgraded their outlook for EQT (NYSE:EQT) from Market Perform to Outperform.
Analyst Price Forecast Suggests 7.28% Downside
As of December 23, 2024, the average one-year price target for EQT is $48.62/share. The forecasts range from a low of $32.73 to a high of $61.95. The average price target represents a decrease of 7.28% from its latest reported closing price of $52.44 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for EQT is 8,643MM, an increase of 86.95%. The projected annual non-GAAP EPS is 14.07.
What is the Fund Sentiment?
There are 1,524 funds or institutions reporting positions in EQT. This is an increase of 90 owner(s) or 6.28% in the last quarter. Average portfolio weight of all funds dedicated to EQT is 0.39%, an increase of 22.46%. Total shares owned by institutions increased in the last three months by 34.86% to 707,745K shares. 
The put/call ratio of EQT is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 74,153K shares representing 12.43% ownership of the company. In its prior filing, the firm reported owning 53,452K shares , representing an increase of 27.92%. The firm decreased its portfolio allocation in EQT by 81.09% over the last quarter.
Price T Rowe Associates holds 56,818K shares representing 9.52% ownership of the company. In its prior filing, the firm reported owning 66,770K shares , representing a decrease of 17.52%. The firm decreased its portfolio allocation in EQT by 18.88% over the last quarter.
Bank of New York Mellon holds 23,375K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 20,348K shares , representing an increase of 12.95%. The firm increased its portfolio allocation in EQT by 11.66% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,835K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 13,926K shares , representing an increase of 26.06%. The firm increased its portfolio allocation in EQT by 25.87% over the last quarter.
VEIPX - Vanguard Equity Income Fund Investor Shares holds 18,289K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 13,246K shares , representing an increase of 27.57%. The firm increased its portfolio allocation in EQT by 27.95% over the last quarter.
EQT Background Information
(This description is provided by the company.)
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. The company is dedicated to responsibly developing its world-class asset base and being the operator of choice for its stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, EQT seeks to continuously improve the way it produces environmentally responsible, reliable and low-cost energy. The company has a longstanding commitment to the safety of its employees, contractors, and communities, and to the reduction of the overall environmental footprint. Its values are evident in the way EQT operates and in how interacts each day - trust, teamwork, heart, and evolution are at the center of all the company does.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
