J.P. Morgan analyst Arun Jayaram maintains $EQT Corp (EQT.US)$ with a buy rating, and sets the target price at $50.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
In 2025, natural gas producers are anticipated to gain from three major secular demand trends, including the expansion of substantial liquefied natural gas export capacities, increased power demand from electrification, and the transition from coal to gas. Updates to exploration and production models through 2030 bolster the view that long-term gas prices will likely need to stay above $3.50 per MMBtu. This adjustment in prices is expected to encourage increased supply from the Haynesville and other higher-cost gas regions. A shift to a more defensive stance is expected going into 2025 as the oil market may transition from balanced conditions in 2024 to a surplus scenario due to supply increments.
EQT Corporation shares are described as a core long-term natural gas holding. They are expected to trade in line with peers due to their relative valuation. Recent maneuvers to monetize a portion of midstream ownership are seen as accelerators for debt reduction and increases in shareholder returns.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
