Mizuho analyst Nitin Kumar assumed coverage of EQT Corporation with a Buy rating with a price target of $64, up from $61. Despite a "muted" outlook for U.S. natural gas prices between 2023 and 2024, EQT should be able to deliver above-peer free cash flow in 2023 as "onerous" hedges roll-off, Kumar tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on EQT:
- AR, EQT Post Big Gains. Is Now the Time to Sell?
- EQT Corporation eliminates nearly 9,000 gas-powered pneumatic devices
- These 2 Class of ’22 Outperformers Have Plenty of Room to Run, Says Top Analyst
- Early notable gainers among liquid option names on December 27th
- EQT Corporation upgraded to Outperform from Peer Perform at Wolfe Research