Jefferies Raises EQT Price Target Following Olympus Energy Deal

EQT Corporation (NYSE:EQT) is one of the 12 Best American Energy Stocks to Buy Right Now. On July 8, Jefferies increased its price target for EQT Corporation (NYSE:EQT) from $60 to $70 while keeping a Buy rating on the stock.

This decision reflects the positive impact of the acquisition of Olympus Energy’s upstream and midstream assets on EQT Corporation’s (NYSE:EQT) business outlook. The firm updates its estimates for the company to include the acquisition.

EQT Corporation (NYSE:EQT) also updated its 2025 guidance to reflect the acquisition, increasing the annual production guidance by 100 billion cubic feet equivalent (Bcfe).

EQT Corporation (NYSE:EQT) is an American vertically integrated natural gas company with production and midstream operations focused in the Appalachian Basin.

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Disclosure: None. This article is originally published at Insider Monkey.