EQT Corporation (EQT) Viewed as a Core Holding Among Gas Producers

We recently compiled a list of the 20 Most Profitable Stocks of the Last 20 Years. EQT Corporation is among the most profitable stocks.

TheFly reported on January 22 that Stephens analyst Mike Scialla lowered the price target on EQT to $68 from $69 and maintained an Overweight rating. The firm noted that its Q4 cash flow per share and production estimates are 5% and 1% below consensus, respectively. Despite this, Stephens anticipates that EQT’s integrated asset base and low-cost operational structure will allow it to maintain a premium valuation in comparison to its natural gas peers.

EQT Corporation (EQT) Viewed as a Core Holding Among Gas Producers

Photo from PBF Energy LinkedIn

Similarly, a day earlier on January 21, Scotiabank analyst Cameron Bean lowered the price target on EQT Corporation (NYSE:EQT) to $63 from $67 and maintained a Sector Perform rating. The adjustment was part of a broader update to Scotiabank’s coverage of North American natural gas stocks. The company’s projections, which support predictions for higher natural gas prices and associated equity valuations over the coming year, continue to indicate supply shortages in the United States and Western Canada despite the reduced goal.

EQT Corporation (NYSE:EQT) is a leading U.S. energy company focused on the production, gathering, and transmission of natural gas, primarily in the Appalachian Basin.

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