EQT: Cementing Position As Low-Cost Gas Producer (Raising Target Price)
EQTEQT(EQT) Seeking Alpha·2024-05-08 14:29

BackyardProduction I last wrote about Marcellus gas producer EQT Corp. (NYSE:EQT) on February 16th in EQT: “The Low-Cost gas Producer is a Buy,” rating the stock a strong buy and calculating a target price of $51 for the stock based on a discounted cash flow model. The stock is up about 18.7% including dividends paid since that article was published. According to Bloomberg, EQT has outperformed the widely followed SPDR S&P Oil & Gas Exploration & Production ETF (XOP) by a little over 7 percentage points ove ...