EQT Corp (EQT) Valuation Update - Dec 15

[dan_s]

EQT the largest producer of natural gas in the U.S. A lot of their ngas was hedged at more than $3.50/mcf, so the recent pullback does not impact my Q4 forecast by much. I have lowered my realized ngas price forecast for 2024 to $3.00/mcf.

My valuation is reduced by $2.25 to $47.25 per share. EQT is currently trading for $38.42.

TipRanks: "In the last 3 months, 14 ranked analysts set 12-month price targets for EQT. The average price target among the analysts is $47.07. The five most recent price target updates dated 11/29 to 12/14 range from $39 to $52 per share."

I will update all of the Sweet 16 price targets by noon tomorrow. Most of them will be posted to the EPG website today.