Gabriele Sorbara, an analyst from Siebert Williams Shank & Co, reiterated the Hold rating on EQT. The associated price target remains the same with $60.00.
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Gabriele Sorbara has given his Hold rating due to a combination of factors surrounding EQT’s recent performance and future outlook. The company’s second-quarter results for 2025 were mixed, showing a positive production outcome but falling short on distributable cash flow per share and EBITDA. Despite the acquisition of Olympus Energy, which led to an updated and improved 2025 outlook, the third-quarter guidance indicated higher production at the cost of increased capital expenditure and wider natural gas differentials.
EQT’s current stock valuation reflects high expectations, with the company’s performance already leading within its coverage group, yielding an 18.5% total return year-to-date. However, the relative valuation appears less attractive when compared to peers, given a less favorable free cash flow yield and a more expensive enterprise value to EBITDA multiple. These factors contribute to maintaining a Hold rating, as the stock’s current price may already incorporate the anticipated benefits of recent strategic moves.
In another report released today, Piper Sandler also maintained a Hold rating on the stock with a $48.00 price target.