Citigroup Raises EQT's Price Target to $66

Investment bank cites strong outlook for natural gas producer's stock

Apr. 18, 2026 at 1:35pm

Got story updates? Submit your updates here. ›

A high-contrast, black-and-white close-up image of industrial natural gas extraction equipment, conveying the scale and technical complexity of the energy infrastructure that enables natural gas production.Citigroup's bullish outlook on EQT reflects the energy company's critical role in the Appalachian natural gas supply chain.Today in Pittsburgh

Investment analysts at Citigroup have increased their price target for EQT Corporation (NYSE: EQT) from $62 to $66, citing a positive outlook for the natural gas producer's business. Citigroup maintained its 'buy' rating on EQT's stock, which closed at $58.50 in the previous trading session.

Why it matters

EQT is one of the largest natural gas producers in the Appalachian Basin, a key shale gas region. The company's strong operational performance and favorable market conditions for natural gas have contributed to the positive outlook from Citigroup and other analysts.

The details

In its research report, Citigroup said the new $66 price target represents a potential upside of 12.87% from EQT's previous closing price. Several other investment firms have also issued positive ratings and price targets for EQT in recent months, citing the company's production growth and cost management efforts.

  • Citigroup issued the updated price target on April 18, 2026.
  • EQT reported its latest quarterly earnings on February 17, 2026.

The players

EQT Corporation

A U.S.-based energy company focused on the exploration, development and production of natural gas, with operations concentrated in the Appalachian Basin.

Citigroup

A global investment bank and financial services corporation that provides research coverage and price targets for EQT and other energy companies.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching EQT's upcoming quarterly financial results and any further updates from analysts on the company's valuation and growth prospects.

The takeaway

The Citigroup price target increase underscores the favorable market conditions and operational performance that have boosted sentiment around EQT, a leading natural gas producer focused on the Appalachian shale plays.