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HomeBusinessEQT’s Price Target Boosted at BMO Capital

EQT’s Price Target Boosted at BMO Capital

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BMO Capital analysts increased their price target on EQT (NYSE:EQT) to $47 from $40, while maintaining an Outperform rating on the stock. The analysts’ comments followed a recent meeting with EQT management during a road trip.
They consider EQT to be one of the more compelling stories in the exploration and production sector, particularly noting that the recent share price decline following the acquisition of ETRN presents an attractive buying opportunity. The analysts highlighted EQT’s improved cost structure, which they believe offers resilience and the potential for upside throughout the natural gas cycle. Additionally, they pointed out the thematic appeal added by data center and artificial intelligence initiatives.
The analysts also see a clear path for EQT to reduce its debt through asset divestitures and strong free cash flow generation in both the near and long term, which underpins the increased price target.

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