EQT stock price target lowered to $68 from $70 at Jefferies

Investing.com - Jefferies has lowered its price target on EQT Corp. (NYSE:EQT) to $68.00 from $70.00 while maintaining a Buy rating on the stock. According to InvestingPro data, EQT has delivered an impressive 52% return over the past year, with the stock currently trading near $56, showing strong momentum despite broader market volatility.

The firm expects continued operational execution from EQT in the third quarter of 2025, forecasting EBITDA of approximately $1.05 billion (post NCI) on volumes of about 619 bcfe compared to the company’s guidance midpoint of 615 bcfe.

Jefferies projects capital expenditures of approximately $675 million for the quarter, which is 2% below the guidance midpoint provided by the company.

The firm noted that investor focus is likely to center on company strategy, Olympus integration, 2026 expectations, debt target timeline at current strip pricing, Mountain Valley Pipeline boost updates, and capital allocation strategy.

Jefferies indicated that its estimates for EQT have been marked to market, resulting in the adjustment of the price target to $68.00.

In other recent news, EQT Corporation has reported several significant developments. The company completed a public offering of approximately 18 million shares of Waystar Holding Corp., generating proceeds of about $705.8 million, with EQT receiving $304.5 million from selling its shares while retaining ownership of approximately 24.9 million shares. Additionally, an EQT affiliate completed a $344 million offering of Kodiak Gas Services shares, with Goldman Sachs serving as the underwriter.

EQT has also secured two long-term liquefied natural gas (LNG) agreements. The first is a 20-year deal with Commonwealth LNG for 1.0 million tonnes per annum of liquefaction capacity, and the second is a 20-year agreement with NextDecade Corporation for 1.5 million tonnes per annum, contingent on a final investment decision by NextDecade. Furthermore, Bernstein reiterated its Outperform rating on EQT, maintaining a price target of $72, reflecting a positive outlook for Appalachian gas prices. These recent developments highlight EQT’s strategic moves in both equity offerings and LNG capacity agreements.

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