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Investing.com - UBS raised its price target on EQT Corp. (NYSE:EQT) to $67.00 from $65.00 on Friday, while maintaining a Buy rating on the natural gas producer. The stock, currently trading at $53.74, has demonstrated strong momentum with a 45.6% return over the past year, according to InvestingPro data.
The price target increase comes ahead of EQT’s third-quarter results, scheduled for October 21, with UBS highlighting the company’s project backlog that provides a "visible long-term growth profile" with multiple upside opportunities not currently reflected in consensus estimates. With a solid financial health score rated as "GOOD" by InvestingPro, EQT has maintained strong operational metrics, including a 74.7% gross profit margin.
UBS expects EQT to increase shareholder returns next year while simultaneously reducing its net debt toward the company’s $5 billion long-term target, despite increased spending on six development projects.
The firm anticipates EQT’s upcoming earnings call will refocus investor attention on near-term growth opportunities that precede the company’s recent entrance into LNG offtake agreements, which has generated debate among investors.
UBS also noted it seeks additional details during the third-quarter call regarding the potential $250 million free cash flow uplift from EQT’s six projects, along with plans to address concerns about the company’s LNG marketing strategy.
In other recent news, EQT Corporation’s earnings call for the third quarter of 2025 highlighted the company’s strategic growth and innovation. The financial performance demonstrated a strong position, emphasizing EQT’s initiatives in the private equity sector. While the earnings call did not provide specific figures, the overall tone suggested a robust quarterly performance. There was no mention of mergers or acquisitions during the call. Analyst firms have not recently upgraded or downgraded EQT Corporation’s stock. The company’s recent developments continue to reflect its strategic focus and operational enhancements. Investors may find these insights useful as they assess EQT’s ongoing performance.
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