EQT Corporation: investing in the future of natural gas
EQT Corporation $EQT+2.8% is one of the largest natural gas producers in the U.S. and plays a key role in the U.S. energy market. The company focuses on the exploration, production and distribution of natural gas, with its extensive operations concentrated in the Appalachian Mountains region, where abundant gas reserves are located. Due to its position and strategy, $EQT+2.8% has the potential to benefit significantly from future growth in demand for electricity and liquefied natural gas (LNG).
Positive forecasts from Goldman Sachs
Goldman Sachs highlights $EQT+2.8% Corporation as a key player among gas producers and forecasts that the company will achieve the highest free cash flow returns in 2026 if the natural gas price is at $3.50 per MMBtu. Although $EQT+2.8% stock has weakened 2% this month and is down 15% overall for the year, the bank sees long-term upside potential. The average target price for $EQT+2.8% stock is $43, a 31% upside from the current price.
Risks and future outlook
Despite the positive outlook, Goldman Sachs warns of risks associated with global demand uncertainty and potential geopolitical factors that could affect markets. Still, analysts believe that the decline in oil and gas prices will soon reach a bottom, which could mean a recovery in prices and a rise in the value of energy company stocks, including $EQT+2.8%.
Stock Price: Currently, shares of $EQT+2.8% are trading at $34.83, with a slight daily increase of 0.29%.
This industry makes no sense to me. It's very risky and depends on a lot of things that you can't predict.
I already have stocks from this sector in my portfolio, but it looks interesting. The stock is rising and the price is not bad to buy right now.
Well, great growth over the last few years. The margins are really good. If they can keep it up, it's gonna be a blast.