Piper Sandler lowered the firm’s price target on EQT Corporation to $45 from $49 and keeps an Overweight rating on the shares following Q4 results and FY24 guidance. The firm also updated FY24 EPS/EBITDAX to reflect its updated FY24 production outlook and higher cost guidance with the startup of MVP in April.
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Read More on EQT:
- Third Point buys McKesson, exits T-Mobile in Q4
- EQT Corporation sees FY24 maintenance CapEx $1.950B-$2.050B
- EQT Corporation reports Q4 adjusted EPS 48c, consensus 52c
- EQT Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance
- EQT Corporation options imply 4.4% move in share price post-earnings
