Scotiabank Lowers EQT (EQT) PT to $63 While Forecasting Persistent Natural Gas Supply Deficits

EQT Corporation (NYSE:EQT) is one of the best inexpensive stocks to buy now. On January 21, Scotiabank analyst Cameron Bean lowered the firm’s price target on EQT Corporation to $63 from $67 with a Sector Perform rating.  Scotiabank revised its price targets for North American natural gas stocks, driven by a bullish outlook on the sector. The firm anticipated persistent supply deficits in both the US and Western Canada, a fundamental imbalance that it believes will push both commodity prices and energy equities higher over the coming year.

On the same day, Barclays also reduced its price target for EQT Corporation (NYSE:EQT) to $64 from $67 while maintaining an Overweight rating. This change was part of a broader adjustment of ratings and targets within the exploration and production group for a Q4 2025 preview.

The firm stated that the upstream sector’s cash return model remains resilient despite macroeconomic volatility and highlighted attractive opportunities in the US onshore. However, at the same time, Barclays also advised investors to tread carefully, given the current near-term commodity uncertainty.

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.