Stephens has revised its price target for EQT Corporation (EQT, Financial), reducing it to $57 from the previous $59. Despite this adjustment, the firm maintains an Overweight rating on the stock.
In its first-quarter preview, Stephens highlighted that its cash flow per share (CFPS) estimate suggests a potential 7% shortfall. However, the firm indicated that this projection might be on the cautious side, as production that had been previously curtailed has since been restored.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for EQT Corp (EQT, Financial) is $56.13 with a high estimate of $73.00 and a low estimate of $36.00. The average target implies an upside of 12.33% from the current price of $49.97. More detailed estimate data can be found on the EQT Corp (EQT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, EQT Corp's (EQT, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EQT Corp (EQT, Financial) in one year is $27.42, suggesting a downside of 45.13% from the current price of $49.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EQT Corp (EQT) Summary page.
