Stephens and Scotiabank Cut EQT Price Targets

Core Viewpoint - EQT Corporation is recognized as one of the best oil and gas stocks to buy currently, despite recent price target reductions by analysts [1]. Group 1: Price Target Adjustments - Stephens reduced its price target for EQT from $69 to $68 while maintaining an Overweight rating [1]. - Scotiabank analyst Cameron Bean lowered the price target from $67 to $63, keeping a Sector Perform rating [3]. Group 2: Financial Priorities and Expectations - Reducing debt is EQT's top priority for free cash flow, with expectations to reach a net debt goal of $7.5 billion by early Q1 2026 [2]. - A positive update on the company's Deep Utica wells is anticipated, with a noted reduction in drilling costs by $2 million per well compared to the previous quarter [2]. Group 3: Market Outlook - Scotiabank's forecasts indicate ongoing supply deficits in the U.S. and Western Canada, suggesting potential increases in natural gas prices and related stocks over the next year [3]. Group 4: Company Overview - EQT Corporation is a vertically integrated natural gas company with operations focused in the Appalachian Basin [4].