In a report released on August 22, Kalei Akamine from Bank of America Securities reiterated a Buy rating on EQT, with a price target of $80.00.
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Kalei Akamine has given his Buy rating due to a combination of factors that highlight EQT’s strategic advantages and growth potential. The company is well-positioned to meet the high supply demands of large datacenters, thanks to its extensive midstream infrastructure, which supports seamless logistics. This capability has enabled EQT to secure valuable gas supply agreements, contributing significantly to its cash flow and free cash flow projections, which are expected to increase substantially from 2027 to 2032.
Moreover, EQT’s cash flow profile is notably stable, with over 40% of its cash flows being long-term contracted or stable, similar to the value proposition of independent power producers. This stability, coupled with a strategic focus on datacenter deals, positions EQT to capitalize on unique growth opportunities. Additionally, the recent pullback in natural gas prices presents an attractive entry point for investors who can appreciate the long-term structural changes in the gas market, further supporting the Buy rating.
In another report released on August 20, Melius Research also initiated coverage with a Buy rating on the stock with a $64.00 price target.
Based on the recent corporate insider activity of 73 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.