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EQT $42.99

EQT target price
42.99
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0
EQT Corporation
Type
Public company
Traded as NYSE: EQT
S&P 500 Component
Industry Petroleum industry
Founded 1888
Founder Michael and Obediah Haymaker
Headquarters EQT Plaza
Pittsburgh, Pennsylvania, United States
Key people
David L. Porges, Executive Chairman
Steven T. Schlotterbeck, CEO
Robert J. McNally, CFO
Products Petroleum
Natural gas
Natural gas liquids
Production output
2,074 million cubic feet of natural gas equivalent (2016)
Revenue Decrease US$1.608 billion (2016)
Operating income
Decrease -US$452.983 million (2016)
Net income
Decrease -US$452.983 million (2016)
Total assets Increase US$15.472 billion (2016)
Total equity Increase US$9.119 billion (2016)
Number of employees
1,809 (2016)
Website www.eqt.com

EQT Corporation is a petroleum and natural gas exploration and pipeline company headquartered in EQT Plaza in Pittsburgh, Pennsylvania.

EQT Production is one of the largest natural gas producers in the Appalachian Basin with 13.508 trillion cubic feet equivalent of proved natural gas, natural gas liquids, and petroleum reserves across approximately 3.6 million gross acres, including approximately 790,000 gross acres in the Marcellus Shale, as of December 31, 2016. Of the company's total proved reserves, 83% are located in the Marcellus Shale.

Average daily production in 2016 was 2,074 million cubic feet of natural gas equivalent.

EQT Production also owns 6,550 miles of gathering lines and 18 natural gas storage reservoirs with nearly 645 MMcf per day of peak delivery capability with 43 Bcf of working gas capacity.

Via its interest in EQT GP Holdings, LP (NYSE: EQGP), the company owns a controlling interest in EQT Midstream Partners, LP (NYSE: EQM). EQM owns and operates midstream assets in the Appalachian Basin.

The affiliated EQT Foundation has donated more than $37 million to charitable and philanthropic endeavors.

In 1884, Michael and Obediah Haymaker struck gas outside of Pittsburgh, PA.

In 1888, Equitable Gas Company was incorporated as a subsidiary of Philadelphia Company.

In 1950, the company separated from the Philadelphia Company and listed on the New York Stock Exchange

In 1984, the company changed its corporate name to Equitable Resources, Inc.

In 1995, the company offered the first fixed bill energy contract in U.S. where what a customer pays for energy is fixed no matter what the weather does.

In 1997, the company acquired Northeast Energy Services Co. (NORESCO) for $77 million.

In 1997, the company also acquired offshore oil and gas fields from Chevron for $80.6 million.

In 2000, the company acquired Appalachian wells and reserves from Statoil.

In 2008, the company was added to the S&P 500 Index.

In 2009, the company changed its name from Equitable Resources, Inc. to EQT Corporation.

In 2011, EQT opened one of the first compressed natural gas (CNG) fueling stations in the Strip District of Pittsburgh.

In 2013, the company sold its natural gas distribution business to Peoples Natural Gas for $740 million.

In 2017, EQT announced a merger with Rice Energy, Inc.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-25 Future report Set alerts
Q2 2022 2022-07-27 0.83 0.83
Q1 2022 2022-04-27 0.81 0.81
Q4 2021 2022-02-09 0.41 0.41
Q3 2021 2021-10-27 0.12 0.12
Q2 2021 2021-07-28 0.07 0.07
Q1 2021 2021-05-05 0.30 0.30
Q4 2020 2021-02-17 -0.02 -0.02
Q3 2020 2020-10-22 -0.15 -2.35
Q2 2020 2020-07-27 -0.18 -1.03

Ratings

2016-06-13 Downgrade Deutsche Bank Buy to Hold $81.00 to $79.00
2016-06-13 Downgrade Deutsche Bank AG Buy to Hold $81.00 to $79.00
2016-05-03 Reiterated Rating Wells Fargo Hold
2016-05-03 Reiterated Rating RBC Capital Buy $85.00
2016-05-03 Reiterated Rating Wells Fargo & Co. Hold
2016-05-03 Reiterated Rating Royal Bank Of Canada Buy $85.00
2016-04-12 Reiterated Rating Barclays Buy
2016-04-12 Reiterated Rating Barclays PLC Buy
2016-03-24 Reiterated Rating Deutsche Bank Buy
2016-03-23 Boost Price Target Deutsche Bank $74.00 to $79.00
2016-03-17 Initiated Coverage Stifel Nicolaus Hold
2016-03-02 Boost Price Target Jefferies Group Hold $62.00
2016-03-02 Downgrade Morgan Stanley Overweight to Equal Weight $66.00 to $65.00
2016-02-28 Downgrade Morgan Stanley Overweight to Equal Weight $66.00 to $65.00
2016-02-25 Downgrade SunTrust Buy to Neutral $70.00 to $50.00
2016-02-25 Downgrade SunTrust Banks Inc. Buy to Neutral $70.00 to $50.00
2016-02-23 Lower Price Target Deutsche Bank Buy $76.00 to $74.00
2016-02-10 Lower Price Target Citigroup Inc. $88.00 to $65.00
2016-02-03 Initiated Coverage GMP Securities Buy $90.00
2016-02-03 Boost Price Target Deutsche Bank $70.00 to $76.00
2016-02-02 Boost Price Target JPMorgan Chase & Co. Overweight $69.00 to $71.00
2016-02-02 Initiated Coverage SunTrust Buy
2016-01-22 Reiterated Rating Deutsche Bank Buy
2016-01-21 Lower Price Target Deutsche Bank $72.00 to $70.00
2016-01-19 Lower Price Target KLR Group $99.00 to $87.00
2016-01-14 Upgrade Tudor Pickering Accumulate to Buy
2016-01-13 Downgrade Seaport Global Securities Buy to Accumulate $100.00 to $60.00
2016-01-12 Lower Price Target Cowen and Company $70.00 to $60.00
2016-01-12 Downgrade Jefferies Group Buy to Hold $80.00 to $57.00
2016-01-07 Reiterated Rating Deutsche Bank Buy $72.00
2015-12-29 Reiterated Rating SunTrust Buy
2015-12-09 Reiterated Rating Deutsche Bank Buy $86.00 to $74.00
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Overweight $69.00
2015-12-03 Reiterated Rating Scotiabank Sector Outperform $91.00 to $101.00
2015-11-17 Initiated Coverage Goldman Sachs Neutral $73.00
2015-11-17 Initiated Coverage Goldman Sachs Group Inc. Neutral $73.00
2015-11-03 Lower Price Target Deutsche Bank $93.00 to $86.00
2015-11-03 Lower Price Target Barclays Overweight $100.00 to $82.00
2015-11-02 Lower Price Target Citigroup Inc. $95.00 to $88.00
2015-11-02 Lower Price Target Jefferies Group $88.00 to $80.00
2015-10-26 Upgrade Morgan Stanley Equal Weight to Overweight $93.00
2015-10-23 Lower Price Target SunTrust Buy $90.00 to $87.00
2015-10-23 Upgrade KLR Group Accumulate to Buy $97.00 to $99.00
2015-10-19 Reiterated Rating Seaport Global Securities Buy
2015-10-15 Boost Price Target KLR Group $96.00 to $101.00
2015-10-07 Lower Price Target BMO Capital Markets $100.00 to $95.00
2015-09-28 Reiterated Rating Deutsche Bank Buy $95.00 to $93.00
2015-09-11 Lower Price Target Jefferies Group $90.00
2015-09-09 Reiterated Rating Deutsche Bank Buy
2015-08-26 Lower Price Target Cowen and Company $98.00 to $90.00
2015-08-13 Upgrade Global Hunter Securities Accumulate to Buy
2015-08-13 Upgrade Seaport Global Securities Accumulate to Buy
2015-07-21 Lower Price Target Global Hunter Securities Accumulate $150.00 to $91.00
2015-07-21 Initiated Coverage Cowen and Company Outperform $98.00
2015-07-21 Lower Price Target Seaport Global Securities Accumulate $150.00 to $91.00
2015-07-07 Lower Price Target Jefferies Group $101.00
2015-07-02 Reiterated Rating Barclays Overweight $100.00
2015-06-22 Initiated Coverage Barclays Overweight $100.00 to $100.00
2015-05-13 Set Price Target Jefferies Group Buy $102.00 to $113.00
2015-05-12 Upgrade Tudor Pickering Hold to Accumulate
2015-05-04 Reiterated Rating BMO Capital Markets Outperform $95.00 to $110.00
2015-04-28 Lower Price Target JPMorgan Chase & Co. Overweight $116.00 to $94.00
2015-04-24 Reiterated Rating Jefferies Group Buy $94.00 to $102.00
2015-04-24 Set Price Target Canaccord Genuity Buy $87.00 to $103.00
2015-04-22 Initiated Coverage Evercore ISI Buy
2015-04-20 Downgrade KLR Group Buy to Accumulate
2015-04-09 Reiterated Rating Stifel Nicolaus Hold
2015-04-06 Set Price Target Canaccord Genuity Buy $87.00
2015-03-02 Set Price Target Canaccord Genuity Buy $87.00
2015-02-20 Reiterated Rating Jefferies Group Buy $88.00 to $94.00
2015-02-11 Lower Price Target Citigroup Inc. Neutral $95.00 to $88.00
2015-02-08 Reiterated Rating Canaccord Genuity Buy $87.00
2015-02-06 Boost Price Target Howard Weil Sector Perform $91.00 to $101.00
2015-02-06 Initiated Coverage Jefferies Group Buy
2015-02-05 Initiated Coverage GMP Securities Hold
2015-02-02 Lower Price Target Howard Weil Sector Outperform $104.00 to $91.00
2015-01-30 Lower Price Target Deutsche Bank Buy $115.00 to $100.00
2014-12-23 Boost Price Target Canaccord Genuity Buy $93.00 to $104.00
2014-12-10 Upgrade KLR Group Accumulate to Buy $114.00 to $111.00
2014-12-01 Boost Price Target Maxim Group Buy $128.00 to $134.00
2014-10-27 Boost Price Target RBC Capital Outperform $108.00 to $112.00
2014-10-24 Reiterated Rating Citigroup Inc. Neutral $109.00 to $95.00
2014-10-24 Upgrade SunTrust Neutral to Buy $90.00 to $120.00
2014-10-22 Lower Price Target Maxim Group Buy $135.00 to $128.00
2014-10-08 Initiated Coverage Global Hunter Securities Accumulate $107.00
2014-10-08 Initiated Coverage Seaport Global Securities Accumulate $107.00
2014-09-10 Initiated Coverage Evercore ISI Buy $115.00
2014-08-12 Reiterated Rating Barclays Overweight $118.00 to $114.00
2014-08-04 Upgrade KLR Group Hold to Accumulate $118.00 to $115.00
2014-07-29 Reiterated Rating Canaccord Genuity Buy $123.00 to $113.00
2014-07-28 Boost Price Target Howard Weil Outperform to Sector Outperform $118.00 to $127.00
2014-07-25 Downgrade Evercore ISI Strong-Buy to Buy $115.00
2014-07-18 Reiterated Rating Deutsche Bank Buy $125.00 to $130.00
2014-07-16 Initiated Coverage Canaccord Genuity Buy $123.00
2014-07-15 Initiated Coverage Prime Executions Buy
2014-06-23 Boost Price Target Maxim Group Buy $125.00 to $135.00
2014-05-01 Boost Price Target Maxim Group Buy $122.00 to $125.00
2014-05-01 Boost Price Target Stifel Nicolaus Buy $115.00 to $117.00
2014-04-28 Boost Price Target Howard Weil Sector Outperform to Sector Outperform $115.00 to $118.00
2014-04-28 Boost Price Target RBC Capital Outperform $106.00 to $116.00
2014-04-25 Boost Price Target SunTrust Neutral $95.00 to $115.00
2014-04-21 Downgrade KLR Group Accumulate to Hold
2014-04-15 Reiterated Rating Oppenheimer Outperform $84.00
2014-04-01 Boost Price Target Deutsche Bank $122.00 to $125.00
2014-03-31 Boost Price Target Brean Capital Buy $102.00 to $113.00
2014-02-25 Boost Price Target Stifel Nicolaus Buy $100.00 to $115.00
2014-02-24 Boost Price Target Deutsche Bank Buy $108.00 to $122.00
2014-02-14 Boost Price Target Maxim Group Buy $106.00 to $117.00
2014-02-14 Upgrade Stifel Nicolaus Equal Weight $85.00 to $100.00
2013-12-24 Boost Price Target KLR Group $22.00 to $116.00
2013-11-13 Initiated Coverage Maxim Group Buy $106.00
2013-11-12 Upgrade Stifel Nicolaus Hold to Buy $136.00 to $100.00
2013-10-07 Downgrade Morgan Stanley Overweight to Equal Weight
2016-06-13 Downgrade Deutsche Bank Buy to Hold $81.00 to $79.00
2016-06-13 Downgrade Deutsche Bank AG Buy to Hold $81.00 to $79.00
2016-05-03 Reiterated Rating Wells Fargo Hold
2016-05-03 Reiterated Rating RBC Capital Buy $85.00
2016-05-03 Reiterated Rating Wells Fargo & Co. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
EQT Corp 2613.80%  (3959952) EQM / EQT /
PORGES DAVID L Chairman President & CEO 330.87%  (501273) EQM / EQT /
Rice Daniel J. IV 144.95%  (219609) EQT / RICE /
SCHLOTTERBECK STEVEN T Senior Vice President 119.58%  (181159) EQT /
CONTI PHILIP P Sr. Vice President and CFO 72.92%  (110478) EQM / EQT /
CRAWFORD RANDALL L Senior Vice President 55.92%  (84727) EQM / EQT /
FRITZ MARTIN A Vice President 54.33%  (82310) EQT /
Schlosser David E. Jr. Senior Vice President 44.95%  (68103) EQT /
GARDNER LEWIS B General Counsel & VP 33.10%  (50148) EQM / EQT /
Ashcroft Jeremiah J III Senior Vice President 31.03%  (47014) BPL / EQT / JPEP /
PETRELLI CHARLENE VP & Chief HR Officer 29.18%  (44201) EQT /
McNally Robert Joseph Sr. Vice President and CFO 18.08%  (27389) EQT /
BONE THERESA Z VP and Corporate Controller 17.70%  (26822) EQM / EQT /
SHAPIRA DAVID S 17.16%  (26000) EQT /
KARAM THOMAS F 13.20%  (20000) EQT / WPZ /
VAGT ROBERT F 12.07%  (18289) EQT / KMI / RICE /
Hyland M Elise Vice President 10.52%  (15941) EQM / EQT / MRO /
Cary A. Bray Jr. 9.86%  (14943) EQT /
Jenkins Donald M. Chief Commercial Officer 7.45%  (11289) EQT /
BEHRMAN PHILIP G 4.32%  (6543) EQT /
Smith Jimmi Sue Chief Accounting Officer 3.80%  (5755) EQT /
ROHR JAMES E 1.91%  (2892) ATI / EQT / GE / MPC / PNC /
Szydlowski Norman J 0.39%  (598) EQT / JPEP / RIGP / RRMS / SEMG /