EQT Corp. (EQT) Valuation Update - Dec 20

[dan_s]

I have updated my forecast/valuation model for EQT for my increased natural gas price deck and I have extended it through 2026.

99% of EQT's production is natural gas and NGLs.

My valuation increases by $7 to $52 per share.

This week four highly respected analysts have increased their price target for EQT to $51, $57, $57 and $59. If natural gas prices climb over $4.00 in Q1, which is now HFI's forecast, EQT will be getting a lot more upgrades.

Higher natural gas prices help all of the Sweet 16 and a lot of them are now grossly oversold. Tax loss selling is 99% over, so add some before they bounce back. You can find each company's production mix on Tab 2 of the Sweet 16 Summary Excel book.

I'm in the process of updating and extending all of the Sweet 16 forecast models. I will finish MTDR today.