Scotiabank analyst Cameron Bean maintains $EQT Corp (EQT.US)$ with a buy rating, and maintains the target price at $55.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 1.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
E&Ps reported robust third-quarter updates, showing gains in capital efficiency and potential cost deflation, which could support the sector into 2025. The majority within this coverage area continue to plan for minimal or no growth, with some gas activities possibly being postponed until there's a further recovery in prices.
The announcement by the company on the monetization of a portion of its midstream assets for $3.5B in a joint venture deal is seen as a near-term positive influence on the company's balance sheet.
As EQT Corporation reduces its leverage and merger synergies become more apparent, it is anticipated to draw heightened investor interest. Additionally, the strong outlook for gas demand growth further supports this perspective.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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