EQT Sees Higher Production and Lower Spending Ahead, Analysts Say
EQT Corporation (NYSE:EQT) is an oil and gas producer headquartered in Pittsburgh, Pennsylvania. According to Marketbeat Ratings, the company has been assigned an average rating of 'Moderate Buy' from 28 brokerages covering it.
The analysts have issued various ratings, with seven holding a hold rating, nineteen issuing a buy rating, and two assigning a strong buy rating. The average 1-year price objective among these brokerages is $68.18.
Recently, Freedom Capital raised EQT to a 'strong-buy' rating in a research note on June 30th, while Stifel Nicolaus initiated coverage with a 'buy' rating and a $66.00 price target on September 9th.
EQT's revenue has been impacted by the decline of natural gas prices, leading to a 29.2% drop in revenue compared to the same quarter last year. However, the company expects U.S. natural-gas production to increase in 2026 while capital spending declines, which could improve operating efficiency and cash flow.