Piper Sandler raised the firm’s price target on EQT Corporation (EQT) to $34 from $32 and keeps a Neutral rating on the shares. The firm notes EQT delivered a Q3 beat driven by stronger volumes and lower capital spending. The company raised Q4 volume guidance on higher capex and lower curtailments, while activity levels remain consistent with prior guidance and unit opex is down about 3%.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- EQT Corp’s Aging Infrastructure: A Looming Threat to Financial Stability and Operations
- EQT Corp Reports Q3 2024 Results and Strategic Moves
- Bank of America Pounds the Table on These 2 Natural Gas Stocks
- EQT Corporation price target raised to $38 from $37 at Stephens
- EQT Corporation reports Q3 adjusted EPS 12c, consensus 6c