Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, reiterated the Hold rating on EQT (EQT – Research Report). The associated price target was raised to $55.00.
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Gabriele Sorbara has given his Hold rating due to a combination of factors influencing EQT’s performance. Despite the company reporting strong fourth-quarter results and an optimistic outlook for 2025, the decision to maintain a Hold rating is largely influenced by the relative valuation of EQT’s stock. The company’s production and cash flow guidance have exceeded expectations, with anticipated free cash flow for 2025 and 2026 surpassing consensus estimates by significant margins.
However, the increased capital expenditures projected for the coming periods slightly temper the otherwise positive outlook. As a result, while the near-term view remains positive, the decision to reaffirm the Hold rating reflects a balanced consideration of the company’s strong fundamentals against its current market valuation. The analyst also notes the need for further assessment following additional insights from the upcoming earnings call, which might prompt a revision of the estimates.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $35.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQT in relation to earlier this year.