Mizuho Upgrades EQT Corp. (EQT) Outlook Citing Long-Term Value Despite Market Headwinds

EQT Corporation (NYSE:EQT) is one of the most profitable value stocks to invest in right now. On December 12, Mizuho raised the firm’s price target on EQT Corporation to $68 from $60 and maintained an Outperform rating on the shares. This decision was made as Mizuho refreshed its 2026 outlook for the E&P sector, adjusting ratings and price targets to account for underappreciated value within the group. While broader investor sentiment remains dampened by concerns over an oil supply glut and high natural gas storage levels, the firm believes that solid long-term fundamentals will begin to drive a market re-rating by 2026.

Earlier on November 8, JPMorgan raised the price target on EQT Corporation to $64 from $62 and kept an Overweight rating on the shares. This was announced as JPMorgan adjusted its 2026 projections for the E&P sector, highlighting a pivotal shift in the energy landscape. While the firm warned of dual headwinds for oil from massive oversupply and the potential resolution of the Russia-Ukraine conflict, it noted that natural gas has finally reached a long-awaited demand inflection point.

EQT is positioning itself for the long-term global energy transition through strategic LNG offtake agreements. The company has secured contracts for 4.5 million tonnes per annum with partners like Sempra and NextDecade, set to commence in the 2030–2031 window. This strategy is designed to bypass a potential LNG oversupply cycle expected between 2027 and 2029, ensuring that EQT Corporation remains a relevant global player with a diverse direct-to-customer sales strategy.

EQT Corporation (NYSE:EQT) produces, gathers, and transmits natural gas. It sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.

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