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 41.3% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
Energy markets seem to be at a pivotal point, with expectations for oil fundamentals to soften and the U.S. gas market likely to tighten by 2025. Low-cost gas producers are positioned to emerge successful in the energy sector. Several catalysts are anticipated for such companies, including the prospects of asset sales and reducing debt in the foreseeable future.
The firm anticipates a slight shortfall in EBITDA for EQT Corporation's Q3 results in comparison to the market consensus, attributing it to subdued gas prices, especially in the Appalachia region, which is likely to counterbalance the company's robust operational performance. With an improving outlook for the gas industry, EQT is expected to emerge as one of the main gainers.
The firm has adjusted 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 in light of crude prices dropping significantly in September, and the expectation is for prices to stay close to current levels throughout the remainder of the year.
Note:
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