J.P. Morgan analyst Angeliki Bairaktari has maintained their bullish stance on EQT stock, giving a Buy rating today.
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Angeliki Bairaktari has given her Buy rating due to a combination of factors that highlight EQT’s strategic positioning in the energy sector. The company has secured significant supply agreements to provide natural gas to major power projects in Pennsylvania, which are expected to drive substantial demand for its resources. These projects, including the conversion of the Bruce Mansfield Coal Power Plant and the development of the Homer City Energy Campus, are poised to increase EQT’s output significantly.
Furthermore, EQT is well-positioned to benefit from projected in-basin demand growth, driven by increased pipeline capacity and rising industrial and residential consumption. The company’s ability to capture structural supply opportunities is underscored by its role as a leading supplier in Appalachia. This strategic advantage, coupled with the potential for sustainable production growth, supports the expectation of a notable increase in EQT’s stock value, making it an attractive investment opportunity.
In another report released today, Barclays also maintained a Buy rating on the stock with a $65.00 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.