EQT Corporation (NYSE:EQT) ranks among the best performing energy stocks to buy now. While reiterating a Neutral rating on EQT Corporation (NYSE:EQT), Piper Sandler raised its price target to $49 from $48 on July 27. Citing EQT’s advantageous position to capitalize on Appalachia’s long-term gas demand, the firm stated that by fiscal year 2029, it expects to realize $250 million in free cash flow uplift from newly announced gas supply contracts and other infrastructure investments.
According to Piper Sandler, this benefit comes with significant upfront expenditures, as EQT Corporation intends to invest $1 billion in infrastructure, mostly in fiscal years 2027 and 2028, in order to attain its projected free cash flow gains.
The firm voiced concerns on the near-term fundamentals of natural gas, pointing out that the company may face challenges due to a robust domestic supply and a strong seasonal storage build.
EQT Corporation is a prominent U.S. natural gas producer that concentrates its midstream and production operations in the Appalachian Basin.
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