Piper Sandler has revised its price target for EQT Corporation (EQT, Financial), lowering it from $36 to $35 while maintaining a Neutral rating. This adjustment reflects the firm's cautious stance as EQT navigates a complex environment characterized by ongoing trade tensions, macroeconomic uncertainties, heightened OPEC+ oil supply, and a challenging seasonal gas market.
The firm highlights that current market volatility can create strategic entry points for investors interested in companies with substantial low-cost inventory and robust financial health. However, Piper Sandler expresses a slightly stronger preference for investments in the oil sector over gas as the market approaches the first quarter.
Despite maintaining its neutral rating for EQT, Piper Sandler's analysis indicates the significance of market positioning and reversion effects on short-term stock performance within the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for EQT Corp (EQT, Financial) is $55.80 with a high estimate of $73.00 and a low estimate of $36.00. The average target implies an upside of 17.02% from the current price of $47.68. More detailed estimate data can be found on the EQT Corp (EQT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, EQT Corp's (EQT, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EQT Corp (EQT, Financial) in one year is $27.40, suggesting a downside of 42.53% from the current price of $47.68. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EQT Corp (EQT) Summary page.
