Mizuho Securities analyst Nitin Kumar CFA maintains $EQT Corp (EQT.US)$ with a hold rating, and adjusts the target price from $43 to $41.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 14.9% 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 junction, with a forecast that oil fundamentals may soften, while expectations are for the U.S. gas market to become more constrained by 2025. Low-cost gas producers are anticipated to emerge as beneficiaries in the energy sector. Several catalysts, such as asset sales and debt reduction, are foreseen to potentially influence the company's performance in the short term.
A modest shortfall in EBITDA for EQT Corporation's third quarter relative to the consensus is anticipated, primarily due to poor gas pricing, especially in the Appalachian local market, which is expected to overshadow the company's robust operations. With an improving outlook for the gas market, EQT is well-placed to become one of the primary 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 crude prices saw a notable drop in September, with the expectation for prices to stabilize around current levels for the remainder of the year.
Note:
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