BofA Cuts EQT Corporation (EQT) Price Target, Bernstein Slightly Lifts

EQT Corporation (NYSE:EQT) is one of the 12 Best American Energy Stocks to Buy Now. On January 16, Bank of America Securities reduced its price target on EQT Corporation (NYSE:EQT) from $84 to $74 but kept its Buy rating on the stock.

Bank of America Securities noted that positive sentiment around natural gas has persisted for 18 months. However, the research firm now sees a growing risk of oversupply in 2027. This concern is accompanied by worries of lower natural gas price forecasts. As a result, Bank of America Securities cut its average price targets for gas-levered exploration and production companies by around 12%.

However, earlier, on January 5, Bernstein slightly raised its price target on EQT Corporation (NYSE:EQT) from $72 to $73 and maintained its Outperform rating on the stock. The research firm has a balanced outlook for oil as 2026 starts.

Bernstein expects to see near-term price volatility but it also forecasts that the conditions will improve over the longer term.

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.