Jefferies analyst Lloyd Byrne maintains $EQT Corp (EQT.US)$ with a buy rating, and adjusts the target price from $45 to $55.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 21.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $EQT Corp (EQT.US)$'s main analysts recently are as follows:
Anticipation surrounds EQT Corporation's Q4 operational performance, projected to show 'upbeat' volumes and slightly improved financial outcomes due to 'strong' well productivity trends. Following the completion of non-operating and midstream asset sales, EQT is now fully focused on executing its core business strategy aimed at generating free cash flow for debt reduction.
The firm is adjusting its model for EQT Corporation following developments such as the formation of a midstream joint venture, a transaction involving non-operating assets, recent quarterly results, forthcoming quarterly guidance, and updates to the firm's pricing strategies after exiting a restriction period.
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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