EQT Corp. (EQT) Valuation Update - Feb 3

[dan_s]

EQT is the largest of our four gassers in the Sweet 16. I am lowering my current valuation by $8.50 to $39.00.

Despite lowering my 2024 average ngas price from $3.25 to $2.50, EQT should still generate enough free cash flow from operations this year to maintain its current dividend, therefore it will remain in the Sweet 16. In "Future World" with HH ngas prices firmly over $3.00, EQT will generate a lot of FCF.

TipRanks: "In the last 3 months, 11 ranked analysts set 12-month price targets for EQT. The average price target among the analysts is $45.18. The 11 price targets range from $39 to $51."