Piper Sandler lowered the firm’s price target on EQT Corporation (EQT) to $43 from $47 and keeps an Overweight rating on the shares following Q2 results and FY24 guidance. For the second half of 2024, the company guided capex of $1.3B at midpoint, which is about $115M above consensus expectations given the earlier Equitrans Midstream (ETRN) close, and second quarter of 2024 volumes of 1.075 Tcfe, including 90 bcfe of planned curtailments, which was 4% below consensus, Piper says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQT:
- EQT Corporation still sees 2024 total sales volume 2,100-2,200 Bcfe
- EQT Reports Second Quarter 2024 Results
- EQT Corporation reports Q2 adjusted EPS (8c), consensus (20c)
- EQT Corporation options imply 3.8% move in share price post-earnings
- EQT Corporation upgraded to Overweight from Neutral at JPMorgan