Wells Fargo Cuts EQT Price Target to $71
Key Points
- Wells Fargo's new price target of $71 is 22.7% below the recent trading price of $54.85.
- Wells Fargo's $71 price target implies 29.44% upside from EQT Corporation's ($EQT) current $54.85 share price.
- EQT Corporation's stock closed at $55.65 on October 27, 2026, and has seen a decrease of 1.4% since then.
- The company reported trailing twelve-month revenue of about $9.29 billion, with a net margin of 29.2%.
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On October 27, 2026, Wells Fargo lowered its price target for EQT Corporation ($EQT) to $71 from $79, while maintaining an Overweight rating. This change shows a significant gap between the new target and the stock's recent trading price.
Wells Fargo's updated price target is now 22.7% below EQT's recent trading price of $54.85. The stock closed at $55.65 on the same day, reflecting a decrease of 1.4% since that close. This adjustment comes as analysts reassess the company's performance in the energy sector, particularly in light of recent trends in hydrocarbon prices.
EQT
EQT Corporation
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Other Institutional Activity in EQT
Cushing Asset Management reduced its position in EQT Corporation by 165,000 shares, ending with 238,258 shares valued at about $11.57 million. Meanwhile, Orbis Allan Gray Ltd increased its holdings by 3,593,726 shares, bringing its total to 15,706,047 shares worth approximately $861.5 million. Eagle Capital Management also raised its stake by 11,696,962 shares, now holding 15,356,952 shares valued at about $842.3 million.
EQT Corporation Stock Up 0.3%
EQT Corporation's stock trades below its new price target, which may signal caution for investors. The stock recently closed at $55.65 on October 27, 2026, while the 52-week range for the stock has been significantly higher, indicating it is trading well below its potential as assessed by analysts.
$EQT price target
EQT Corporation daily closes and this analyst's $71 target. Not advice.
Recent Earnings
EQT Corporation reported trailing twelve-month revenue of approximately $9.29 billion, with an earnings per share (EPS) of $4.31. The company has a net margin of 29.2% and a return on equity of 11.1%. The next earnings report is set for October 27, 2026, which could provide further insights into its financial health.
Dividend
EQT Corporation pays an annual dividend of $0.68 per share, resulting in a dividend yield of about 1.2%. The payout ratio stands at 15.1%, indicating a sustainable dividend policy relative to its earnings.
Insider Buying and Selling at EQT Corporation
In recent insider transactions, Sarah Fenton, an officer, sold 4,876 shares on March 16, 2026, for approximately $314,453. Vicky A Bailey, a director, sold 4,116 shares on April 27, 2026, valued at about $246,137. CEO Toby Z. Rice also sold 175,328 shares on August 14, 2026, for around $9.65 million.
Analysts Set New Price Targets
On the same day as Wells Fargo's adjustment, Scotiabank maintained its price target for EQT at $53, down from $54. Additionally, UBS and Mizuho held their ratings at Buy and Outperform, with targets of $76 and $68, respectively. The consensus among analysts suggests a cautious outlook on EQT's stock performance moving forward.
About EQT Corporation
EQT Corporation is involved in the exploration and production of natural gas and oil, primarily in the Appalachian Basin. The company sells its products to utilities and industrial customers and provides services related to marketing and pipeline management. This update from Wells Fargo reflects ongoing evaluations of the energy sector's dynamics, particularly in natural gas markets.
Bottom Line
Investors should watch for EQT's upcoming earnings report on October 27, 2026, to gauge its performance amid changing market conditions. The recent adjustments in price targets by analysts indicate a cautious sentiment surrounding the company's stock performance.
Related Filing Alerts
Source: Wells Fargo's rating change on $EQT (Oct 27, 2026). Written by software, not financial advice. How we make alerts