Bank of America Securities Reiterates Buy Rating on EQT (EQT) Stock

EQT Corporation (NYSE:EQT) is one of the Best Oil and Gas Stocks to Buy According to Analysts. On August 22, Kalei Akamine from Bank of America Securities reiterated a “Buy” rating on the company’s stock, increasing the price objective to $80.00 from the prior target of $63.00. The analyst’s rating is backed by a combination of factors demonstrating EQT Corporation (NYSE:EQT)’s strategic advantages and growth potential. As per the analyst, the company remains well-placed to cater to the high supply demands of large datacenters, due to its extensive midstream infrastructure, which helps in seamless logistics.

This capability allowed EQT Corporation (NYSE:EQT) to secure valuable gas supply agreements, contributing to its cash flow and FCF projections. Also, the company’s cash flow profile remains stable. This stability, along with a strategic emphasis on datacenter deals, positions EQT Corporation (NYSE:EQT) to capitalize on unique growth opportunities, added Akamine. The company continues to see strong momentum for in-basin natural gas power as well as data center demand. It remains uniquely positioned to capitalize on this setup, thanks to its production scale, inventory duration, integrated infrastructure, investment-grade credit ratings, and low emissions credentials.

Scout Investments, Inc., an affiliate of Carillon Tower Advisers, released its Q1 2025 investor letter. Here is what the fund said:

“EQT Corporation (NYSE:EQT) is an integrated energy company with an emphasis on upstream and midstream natural gas operations in Pennsylvania. The company’s natural gas production costs are among the lowest in the country. Natural gas producers benefitted from a colder than anticipated winter, draining natural gas storage to levels well below the 5-year average. Demand is expected to grow rapidly in the coming years, but suppliers like EQT are not adding rigs and storage is starting from a low point.”

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