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Analyst Ratings Shift for Energy Companies EQT and Equinor
Wall Street Zen downgraded EQT Corp. (NYSE:EQT) from a hold to a sell rating, joining several other broker updates that lowered price targets and kept buy or hold recommendations. The stock opened at $52.99 and reported quarterly earnings of $0.39 per share, missing consensus estimates, with revenue down 29.2% year‑over‑year.
In a separate note, Wall Street Zen upgraded Equinor ASA (NYSE:EQNR) from a hold to a buy rating, while other analysts adjusted their stances ranging from strong‑buy to hold. Equinor’s shares opened at $40.38 and posted earnings of $1.33 per share, also missing estimates, with revenue of $34.02 billion.
Both companies are major oil and gas producers, and the rating changes reflect mixed analyst sentiment amid earnings that fell short of expectations.