Mizuho Cuts EQT Price Target to $68

Mizuho has reaffirmed its Outperform rating for EQT Corporation, adjusting the price target to $68 from $72, a 25.31% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:15 PM EDT

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Mizuho cut its price target on EQT Corporation ($EQT) to $68 from $72 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $EQT is up 3.5% to date (from the $52.45 close on Oct 15, 2026).

EQT EQT Corporation

$54.30 +2.47% year to date

Daily close · Oct 16, 2026

Key Points

Mizuho reiterates its Outperform rating on EQT Corporation with a price target of $68, down from the previous target of $72.
EQT shares are currently trading at $54.27, significantly below Mizuho's new price target, indicating potential upside.
The stock has a P/E ratio of 11.6 and is part of the energy sector, focusing on oil and gas exploration and production.

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Mizuho has reiterated its Outperform rating on EQT Corporation (NYSE: EQT) and adjusted the price target to $68 from $72. This update comes on October 15, 2026, when EQT shares were trading at $54.27. The price target suggests a potential upside for investors as the stock currently sits below this level.

Analyst rating track record

Mizuho vs. the S&P 500

YTD return -4.83% hypothetical

All-time return -4.83% S&P 500 +0.72%

vs. S&P 500 -5.55% behind the index

Hypothetical returns from Mizuho's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in EQT

Blackrock Inc. reduced its stake in EQT by 719,581 shares, leaving it with 60,261,896 shares valued at approximately $3.27 billion. Vanguard Capital Management LLC increased its holdings by 296,148 shares, bringing its total to 40,864,324 shares worth about $2.22 billion. State Street Corporation added 1,397,291 shares, now holding 39,679,249 shares valued at around $2.15 billion. Vanguard Portfolio Management LLC grew its position by 789,611 shares, ending with 32,757,657 shares worth about $1.78 billion. Morgan Stanley decreased its stake by 4,105,484 shares, now owning 24,345,547 shares valued at approximately $1.32 billion.

EQT Corporation Stock Up 8.5%

EQT Corporation's shares are currently trading at $54.27, which is below the new price target set by Mizuho. This suggests that there might be room for growth, especially as the stock has fluctuated between a 52-week low of $47.94 and a high of $68.24.

12-month forecast

$EQT price target

EQT Corporation daily closes and this analyst's $68 target. Not advice.

Recent Earnings

In its last earnings report, EQT Corporation posted a revenue of approximately $9.29 billion, reflecting a revenue decline of about 3.9%. The net margin stood at 29.2%, and the company reported earnings per share (EPS) of $4.31. EQT is scheduled to announce its next earnings on October 20, 2026.

Dividend

EQT Corporation pays an annual dividend of $0.66 per share, which translates to a dividend yield of 1.32%. The company's dividend payout ratio is 15.1%.

Insider Buying and Selling at EQT Corporation

CEO Toby Z. Rice sold 175,328 shares at an average price of $55.03 for a total of about $9.65 million on August 14, 2026. Earlier, on June 8, 2026, Rice sold another 98,714 shares, valued at approximately $5.36 million. Director Vicky A. Bailey sold 4,116 shares at an average price of $59.80 for about $246,137 on April 27, 2026. Additionally, Officer Sarah Fenton sold 4,876 shares at an average price of $64.49 for roughly $314,453 on March 16, 2026.

Analysts Set New Price Targets

On October 15, 2026, UBS maintained a Buy rating with a price target of $76.00, while Scotiabank initiated coverage with a Sector Perform rating and a target of $54.00. Mizuho maintained its Outperform rating with a target of $68.00, and Jefferies and Citigroup also kept their Buy ratings with targets of $73.00 and $68.00, respectively. The consensus among analysts suggests a strong buy, with a mean target price of about $67.54.

About EQT Corporation

EQT Corporation focuses on the exploration and production of natural gas and oil, mainly operating in the Appalachian Basin. The company also provides marketing and management services related to pipeline capacity and engages in risk management. This context is important as the company navigates market fluctuations in the energy sector.

Bottom Line

Investors should keep an eye on EQT's upcoming earnings report on October 20, 2026. Mizuho's reiterated rating, along with the company’s ongoing adjustments in stakeholder positions, reflects the dynamics of the energy market. As a reminder, the recent analyst ratings are based on the company's performance as of the latest reporting period and might not represent current positions.