Morgan Stanley Lowers its Price Target on EQT Corporation (EQT)

EQT Corporation (NYSE:EQT) is one of the 10 Best AI Power Grid Stocks to Buy According to Analysts.

On June 29, Morgan Stanley lowered its price target on EQT Corporation (NYSE:EQT) to $68 from $74. The firm retained an “Overweight” rating on the shares. Morgan Stanley said it refreshed its estimates to mirror lower energy prices after oil retreated following the June 14 US-Iran memorandum of understanding. West Texas Intermediate is trading only slightly above pre-conflict levels.

Separately, the natural gas production firm’s second-quarter 2026 outlook expects a total sales volume of 570-620 Bcfe. It includes 10-15 Bcfe of strategic curtailments. The company also guided for $525 million to $595 million in maintenance capital expenditures and $210 million to $235 million in growth capital spending.

Morgan Stanley Lowers its Price Target on EQT Corporation (EQT)

tcly / shutterstock.com

The corporation’s second-quarter capital expenditures should mark the year’s peak as growth-project spending moderates in the second half. EQT Corporation (NYSE:EQT) further said it expects to turn in 30-45 net wells during the quarter.

EQT Corporation (NYSE:EQT) is a natural gas production company and works in the provision of supply, transmission, and distribution of natural gas.

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