Stephens and Scotiabank Cut EQT Price Targets

EQT Corporation (NYSE:EQT) is one of the 12 Best Oil and Gas Stocks to Buy Right Now. On January 22, Stephens slightly reduced its price target on EQT Corporation (NYSE:EQT) from $69 to $68 and kept its Overweight rating.

The research firm noted that reducing debt remains EQT Corporation’s (NYSE:EQT) top free cash flow priority and expects the company to reach its $7.5 billion net debt goal in early first-quarter 2026. Stephens also anticipates a positive update on the company’s Deep Utica wells, highlighting that the company has cut drilling costs by $2 million per well compared with the previous quarter.

On January 21, Scotiabank analyst Cameron Bean also cut the price target on EQT Corporation (NYSE:EQT) from $67 to $63 and maintained a Sector Perform rating on the stock.

This update comes as Scotiabank updates its price targets for North American natural gas stocks. The firm’s forecasts continue to show supply deficits in the United States and Western Canada, which supports its outlook that natural gas prices and related stocks could rise over the next year.

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.