Citi analyst Scott Gruber maintains $EQT Corp (EQT.US)$ with a buy rating, and adjusts the target price from $44 to $51.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 12.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
Midstream performance in 2024 indicates that the energy sector is investable once more. However, the challenge for exploration and production companies is that crude markets still appear well-supplied. It seems premature to be bullish on crude leverage, but the business climate and buybacks should act as shock absorbers if crude prices deflate.
Natural gas producers are anticipated to gain from three key secular demand trends into 2025: expansion of substantial liquefied natural gas export capacity, increased power demand due to electrification, and a shift from coal to gas. Forecast revisions in exploration and production models through 2030 suggest a future where long-term gas prices could remain above $3.50 per MMBtu, driven by the need for higher prices to encourage supply growth from the Haynesville and other more expensive gas regions. Expectations point towards the oil market transitioning from balanced conditions in 2024 to a surplus in 2025 as a result of supply increases, prompting a move towards a more defensive market posture.
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