Kalei Akamine, an analyst from Bank of America Securities, reiterated the Buy rating on EQT. The associated price target remains the same with $74.00.
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Kalei Akamine has given his Buy rating due to a combination of factors, including EQT’s strong first-quarter execution and improving balance sheet. The company delivered record free cash flow on lower-than-expected capital spending, which allowed it to cut net debt by $2 billion to $5.7 billion, while operational performance and costs generally came in better than or in line with forecasts.
Akamine also highlights that EQT’s 2026 guidance is intact, with production and spending trends pointing to either upside to volumes or lower capex in the second half of the year, supporting future cash generation. With capex expected to peak in 2Q26 and then ease, EQT appears well positioned to hit its leverage target by late 2026, and its sizable LNG-linked exposure offers meaningful long-term upside in a tightening global gas market, justifying a Buy rating and a $74 price objective.
In another report released yesterday, Stephens also assigned a Buy rating to the stock with a $73.00 price target.
Based on the recent corporate insider activity of 58 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.