Jefferies Raises EQT Price Target Amid Surging Natural Gas Demand

Key Facts

Jefferies has raised its price target for EQT Corporation to $77 with a Buy rating, as the company reported Q1 revenues of $3.38 billion and a net profit of $1.55 billion. While UBS confirmed its Buy rating, Siebert Williams Shank maintained a Hold position, indicating a more cautious outlook among some analysts. Adding to this complexity, a recent increase in insider share sales has been noted over the past quarter, potentially signaling internal profit-taking. Simultaneously, Jefferies increased its price target for Halliburton to $47 following a 126% surge in net income to $461 million. These updates highlight robust operational performance across the energy sector, balanced against insider activity and diverging institutional ratings.

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