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Truist Financial Initiates Coverage on EQT (NYSE:EQT)
Analysts issue buy rating and $74 price target on natural gas producer's stock.
Mar. 27, 2026 at 6:38am
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Truist Financial has initiated coverage on shares of EQT Corporation (NYSE:EQT), a Pittsburgh-based natural gas exploration and production company. The brokerage firm issued a buy rating and a $74.00 price target on the stock.
Why it matters
EQT is a major player in the Appalachian Basin's natural gas production, focusing on the Marcellus and Utica shale formations. Truist's positive outlook on the company's stock could signal growing investor confidence in EQT's ability to navigate the volatile natural gas market.
The details
In its research note, Truist Financial cited EQT's strong production assets and operational efficiency as key factors behind the buy rating. The firm joins a number of other equity analysts who have issued favorable assessments of EQT in recent months, with the stock receiving a 'Moderate Buy' consensus rating and an average price target of $66.70.
- Truist Financial initiated coverage on EQT on Tuesday, March 27, 2026.
- EQT last reported quarterly earnings on February 17, 2026, beating analyst expectations.
The players
EQT Corporation
A U.S.-based energy company focused on the exploration, development and production of natural gas, headquartered in Pittsburgh, Pennsylvania.
Truist Financial
A diversified financial services company that provides banking, insurance, and investment services.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident
The takeaway
Truist Financial's positive coverage of EQT reflects growing investor confidence in the company's ability to navigate the natural gas market and capitalize on its strong production assets in the Appalachian Basin.
