Jefferies analyst Lloyd Byrne maintains $EQT Corp (EQT.US)$ with a buy rating, and adjusts the target price from $48 to $45.
According to TipRanks data, the analyst has a success rate of 60.2% and a total average return of 23.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
The energy markets are perceived to be at a pivotal juncture, with oil fundamentals expected to soften, whereas the U.S. gas market is anticipated to become more constrained by 2025. It is believed that low-cost gas producers, such as EQT, are likely to emerge as beneficiaries in the energy sector. Several catalysts for the company are recognized, including prospective asset sales and debt reduction in the foreseeable future.
A 'modest' shortfall in EBITDA is anticipated for EQT Corporation's third quarter in comparison to the market consensus, attributed to subdued gas prices, especially within the local Appalachia market, which are expected to largely neutralize the firm's solid operational performance. Nonetheless, as the broader outlook for gas improves, EQT is poised to become one of the principal benefactors.
The firm is updating its model on the Energy sector, revising estimates for the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies. This comes after observing that crude prices experienced a significant drop in September and the anticipation is for prices to stabilize around the recent levels for the remainder of the year.
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