Street Calls of the Week
EQT Corporation (NYSE:EQT), a prominent player in the natural gas industry with a market capitalization of $32.3 billion, has seen its stock price surge to a 52-week high, touching $54.07. According to InvestingPro analysis, the stock's RSI indicates overbought territory, suggesting caution at current levels. This peak reflects a significant uptrend in the company's market performance, underpinned by strategic operations and favorable market conditions. Over the past year, EQT has experienced a remarkable turnaround, with its stock value climbing by 51.53%. This impressive one-year change underscores the investor confidence and the robust growth trajectory that EQT has been on, despite the volatile energy market and economic uncertainties. The achievement of this 52-week high serves as a testament to the company's resilience and the successful execution of its business model. With analyst price targets ranging from $32.41 to $73.00, InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
In other recent news, EQT Corp has been making significant strides in its financial and operational developments. The company recently announced expected capital expenditure reductions and production improvements for 2025, attributed to the sale of non-operational assets and additional drilling and completion efficiency gains. JPMorgan maintained its Overweight rating on EQT Corp and increased the price target to $53.00 from the previous $50.00.
On the other hand, Citi analyst Nicholas Herman increased EQT AB (ST:EQTAB)'s stock price target to SEK 340.00, up from SEK 330.00, while maintaining a Neutral stock rating. The firm expects EQT's adjusted EBITDA to fall slightly short of the Visible Alpha consensus, with lower performance-related earnings but higher fee-related earnings.
In a major move, EQT finalized the divestiture of its non-operated assets in Northeast Pennsylvania for approximately $1.25 billion, aiming to streamline its operational focus and improve its financial position. The company also extended its share repurchase program to 2026, indicating its financial strength and commitment to shareholder returns.
These are recent developments and as always, investors should keep a close eye on these matters to make informed decisions.
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