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EQT Corporation, the leading American natural gas producer, is expected to report strong Q1 results while maintaining a focus on deleveraging, according to UBS. The company's sales breakdown reveals that 85.6% comes from natural gas, 12.5% from liquefied natural gas, and 1.9% from oil.
UBS analyst Josh Silverstein has maintained a Neutral rating on EQT Corporation with a $58 price target, highlighting the company's focus on debt reduction and strong operational performance. Despite a projected $184 million loss on derivatives for Q4 2024, EQT expects net cash settlements of $181 million, primarily from natural gas hedges. The company is also anticipated to announce power-linked contracts in 2025, which could enhance production and financial outcomes.
UBS analyst Josh Silverstein has reiterated a Neutral rating for EQT Corporation, setting a price target of $58. The company, focused on reducing its $9.4 billion debt, generated $573 million in free cash flow over the past year and is expected to announce power contracts in 2025, which could enhance production and financial performance.EQT anticipates a total derivative loss of $184 million for Q4 2024 but expects net cash settlements of $181 million from hedging positions. Additionally, the company has appointed Thomas F. Karam as the new independent Chairman of the Board to strengthen governance.
University of Texas Texas AM Investment Management Co. increased its stake in EQT by 47.7%, owning 960 shares valued at $44,000. Analysts have raised EQT's target price, with Wells Fargo setting it at $58, indicating a potential upside. The company reported a quarterly EPS of $0.69, surpassing estimates, and has a consensus rating of "Moderate Buy."
Mirae Asset Global Investments now holds 53,555 shares of EQT valued at $2.38 million after increasing its stake by 16,416 shares. FMR LLC and D.A. Davidson & CO. also raised their positions, contributing to institutional investors owning 90.81% of the stock. EQT's price target has been raised by several analysts, with Citigroup setting it at $60, indicating a potential upside of 16.9%.
Citigroup has raised its price target on EQT Corporation to $60 from $51 while maintaining a Buy rating. EQT is the leading American natural gas producer, with revenues primarily derived from natural gas sales (85.6%), followed by liquefied natural gas (12.5%) and oil (1.9%).
EQT Corporation, a natural gas production company, has 90.81% of its stock owned by institutional investors and hedge funds. Analysts have given the stock a "Moderate Buy" rating, with target prices ranging from $49 to $66, reflecting a consensus average of $51.89. Recently, the stock traded at $52.62, with a market cap of $31.39 billion.
UBS has raised its price target on EQT Corporation to $54 from $49 while maintaining a neutral rating. EQT is the leading American natural gas producer, with revenues primarily derived from natural gas sales (89.6%), followed by liquefied natural gas (8.5%) and oil (1.9%).
EQT Corporation, the leading American natural gas producer, has received a neutral rating from UBS. The company's sales breakdown reveals that 89.6% comes from natural gas, primarily from Appalachian operations, while liquefied natural gas accounts for 8.5% and oil for 1.9%.
EQT Corporation stands as America's top natural gas producer, with revenues primarily derived from the sale of natural gas (89.6%), predominantly in the Appalachian basins. Additional revenue comes from liquefied natural gas sales (8.5%) and oil sales (1.9%). UBS maintains a neutral stance on the stock.
EQT Corporation
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EQT Corporation poised for strong Q1 with focus on deleveraging
20:06 28.03.2025
ubs maintains neutral rating and price target for eqt corporation
14:55 28.03.2025
ubs maintains neutral rating for eqt with price target of 58 dollars
14:42 28.03.2025
EQT stock sees analyst upgrades and increased institutional investment activity
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17:22 20.03.2025
institutional investors increase stakes in eqt as analysts raise price targets
19:36 18.03.2025
citigroup raises eqt price target to sixty dollars maintains buy rating
11:22 17.03.2025
analysts raise price targets for eqt stock amid strong institutional interest
16:13 14.02.2025
ubs raises eqt price target to 54 maintains neutral rating
15:51 13.02.2025
ubs maintains neutral rating on eqt corporation amid strong natural gas sales
15:04 02.12.2024
EQT Corporation maintains strong position as leading natural gas producer in America
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