Wells Fargo raised the firm’s price target on EQT Corporation to $53 from $51 and keeps an Overweight rating on the shares. The analyst updated exploration and production price targets post the Q3 results. While most operators highlighted operational efficiency improvements, Wells continues to see divergent well performance and asset quality among oil operators, reflected by an expectation for capital efficiency trends to bifurcate heading into 2024, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EQT:
- EQT Corporation price target lowered to $52 from $54 at Piper Sandler
- EQT Corporation price target raised to $52 from $47 at Mizuho
- EQT Corporation reports Q3 adjusted EPS 30c, consensus (8c)
- EQT Reports Third Quarter 2023 Results
- EQT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Questions or Comments about the article? Write to editor@tipranks.com