EQT Corp (EQT) Update - Sept 18

[dan_s]

EQT closed at $18.83 on Friday, Sept 17. It is by a wide margin the largest natural gas producer in the U.S.
Here are the four most recent analysts updates
JP Morgan 9/15/2021 with a price target of $27.00
Citigroup 8/30/2021 with a price target of $23.00
Wells Fargo 8/23/2021 with a price target of $28.00
Mizuho Sec 8/13/2021 with a price target of $29.00

EQT closed the Alta Resources Acquisition on July 21st., which added ~1 Bcfe per day of mostly dry gas production.

Based on my higher natural gas price assumptions, my current valuation of EQT increases by $5 to $41 per share.