RBC Capital Reinstates EQT Corp. (EQT) at Sector Perform

RBC Capital analyst Scott Hanold reinstates coverage on EQT Corp. (NYSE: EQT) with a Sector Perform rating and a price target of $49.00.

The analyst comments: "We re-establish our estimates, rating, and target for EQT shares. EQT shares are a core long-term natural gas holding, but likely to trade in line to peers given relative valuation. Following the merger with ETRN, EQT became an integrated Appalachian-focused natural gas company. We estimate the 2025-2026 corporate break-even at $2.40-2.45/ Mcf, the lowest compared to natural gas peers, owing to the midstream ownership. The recent monetization of a portion of its midstream ownership accelerates debt reduction and shareholder return increases."

For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.

Shares of EQT Corp. closed at $44.53 yesterday.

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