BMO Capital analyst Phillip Jungwirth maintains $EQT Corp (EQT.US)$ with a buy rating, and adjusts the target price from $47 to $40.
According to TipRanks data, the analyst has a success rate of 42.8% and a total average return of 2.9% 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 juncture, with a forecast of softening oil fundamentals contrasted by an anticipated tightening of the U.S. gas market around 2025. Firms positioned as low-cost gas producers are expected to emerge favorably in the energy landscape. The company in question could experience a series of positive developments, such as asset divestitures and debt reduction efforts in the foreseeable future.
The expectation of a slight shortfall in EQT Corporation's EBITDA for the third quarter, compared to the consensus, arises from the anticipation of weak gas pricing, especially in the Appalachia local market, which is likely to counterbalance the company's robust operations. As the outlook for the gas market improves, the company is well placed to become one of the main 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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