EQT Corp. (EQT) Valuation Update - April 22

[dan_s]

This week I am updating all of the Sweet 16 forecast/valuation models based on my updated oil & gas price deck, which I posted earlier under the View from Houston tab.

I have lowered my valuation of EQT by $2.00 to $62.00.

TipRanks: "In the last 3 months, 18 ranked analysts set 12-month price targets for EQT. The average price target among the analysts is $56.56." The 18 price targets range from $35 to $66.

EQT is a large-cap gasser that produces over 6 Bcfe per day. EQT's production mix is approximately 94.2% natural gas, 5.4% NGls and 0.4% crude oil.

My updated forecast models will be posted to the EPG website under the Sweet 16 tab.

EQT will announce Q1 results today after the markets close.